Ørsted has just completed a share issue, which has raised approximately 60 billion DKK in the Danish energy giant's coffers. As part of the capital increase, Ørsted's existing shareholders received 15 subscription rights per share. With seven subscription rights, one could buy one new share for 66.60 DKK.
Most people took advantage of this offer and almost all of Ørsted's newly issued shares have been purchased by current shareholders or shareholders who have purchased them with pre-emptive rights. To be precise, this applies to approximately 99.3 percent of the new shares.
Among the buyers are several top people in Ørsted. This applies to Chairman of the Board Lene Skole, Group President and CEO Rasmus Errboe, Group CFO Trond Westlie and Group HR Director Henriette Fenger Ellekrog, who each used their pre-emptive rights to subscribe for new shares in connection with the issue.
The four Ørsted top executives have purchased thousands of shares at the price of DKK 66.6, which was possible to purchase during the share issue, Ørsted said in a statement issued on Thursday, when the pre-emptive rights issue was finally completed.
Henriette Fenger Ellekrog has had the most money out of her pocket. She has thus purchased 17,950 new shares, which gives a total price of just under DKK 1.2 million. Next comes Rasmus Errboe, who has had to shell out almost DKK one million to secure 14,792 new Ørsted shares. Trond Westlie has purchased 10,714 new shares for DKK 713,552, while Lene Skole has spent almost half a million DKK for 7,373 new shares.
Great interest
The Danish state, which owns 50.1 percent of Ørsted, has poured the most into Ørsted's coffers, and had agreed in advance to participate in the capital increase by purchasing new shares for around DKK 30 billion.
According to Ørsted, the demand for the remaining shares that were not purchased with pre-emptive rights was "extraordinarily high". Ørsted's CEO, Rasmus Errboe, notes the amount of support.
- I am very satisfied with the strong support for our capital injection from small and large investors from Denmark and abroad, including from our main shareholder, the Danish state, he said in a press release that Ørsted issued earlier this week about the result of the exercise of the pre-emptive rights.
Ørsted needs the money so that the company can afford to carry out planned projects. Originally, Ørsted's plan was to raise money by, among other things, selling ownership interests in the American offshore wind farm Sunrise Wind. However, this has not been possible due to uncertainty about the American offshore wind market in the United States.
Text, graphics, images, sound, and other content on this website are protected under copyright law. DK Medier reserves all rights to the content, including the right to exploit the content for the purpose of text and data mining, cf. Section 11b of the Copyright Act and Article 4 of the DSM Directive.
Customers with IP agreements/major customer agreements may only share Danish Offshore Industry articles internally for the purpose of handling specific cases. Sharing in connection with specific cases refers to journaling, archiving, or similar uses.
Customers with a personal subscription/login may not share Danish Offshore Industry articles with individuals who do not themselves have a personal subscription to Danish Offshore Industry.
Any deviation from the above requires written consent from DK Medier.
