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What does the abbreviation NKT stand for?
- NKT stands for Nordiske Kabel og Traadfabriker (Nordic cable and wire factory).
- The name NKT dates from 1898 when the company Nordiske Kabel og Traadfabriker was formed and acquired the activities of Nordisk Kabelfabrik. Formed by Hans Peter Prior, Nordisk Kabelfabrik started life in 1891 as Nordisk Elektrisk Ledningstraad og Kabel-Fabrik and was based at St. Kannikestræde 14, Copenhagen.
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When did NKT become a listed company?
- NKT has been a listed company since 1898 when the company Nordiske Kabel & Traadfabriker (NKT) was formed.
- NKT shares today belong to the "Industrial companies" category and are traded on the Copenhagen Stock Exchange under ID code DK 0010287663.
- The NKT share has a nominal value of 20 DKK and the company has share capital of 474,759,580 DKK. A total of 23,737,979shares are in issue. NKT has one share class and no shares have special rights.
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Does NKT have a museum?
- Yes. The museum is part of NKT Exhibition Centre/Elektroteket and shows the development of the three Danish electrotechnical companies - NKT, LK and Nilfisk – from the start of the 20th century until today.
- NKT Exhibition Centre opened in 1998 on the occasion of NKT's centenary.
- NKT Exhibition Centre is located in Priorparken, Copenhagen, where former production buildings have been renovated and converted into:
- A permanent exhibition/museum area
- Meeting facilities for guests
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Is the museum open to visitors?
- The museum is open most weekdays by appointment only. Up to 200 visitors can be accommodated
- Contact NKT Exhibition Centre, tel.: +45 4375 7750
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How many women are there on NKT's Board of Directors?
- The Board of Directors of NKT Holding A/S numbers six members appointed by the general meeting and three staff-elected members. The Board of Directors and the three-strong executive board are jointly responsible for NKT's overall management and business development.
- At 20 January 2008 the nine elected members of the Board of Directors included one woman, Lone Fønss Schrøder. She was first time voted onto the Board at NKT's annual general meeting in April 2008.
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How much dividend was paid per share in 2009, 2008 and 2007?
- NKT paid out dividend per share in 2009: 0 DKK, in 2008: 11 DKK and in 2007: 10 DKK.
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Where do I notify a change of address?
- Changes of address should be notified to the custodian bank/financial institute or to VP Investor Service. Printed communications will subsequently be sent to the new address.
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How do I register for NKT's news?
- Select the 'Media' tab in the top bar on NKT's website, www.nkt.dk. Select the link to the right in the 'News Service' box or click the highlighted words 'News Service' in the text. You can now register to receive NKT's news.
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Where are NKT shares traded?
- NKT shares are traded on the NASDAQ OMX Stock Exchange, Copenhagen.
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How many NKT shares are in issue?
- As at 20 April 2010 NKT's registered share capital comprised 474,759,580 DKK, corresponding to 23,737,979 shares of a nominal value of 20 DKK. The amount of share capital is stated in Article 3 of the Articles of Association.
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Does NKT issue employee shares?
- Employee shares are issued only on very special occasions, the last time being the company's centenary in 1998. These shares were held in trust for five years and released on 1 January 2004.
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Will NKT pay a dividend this year?
- NKT's corporate strategy for the period 2008-2012 aims to maintain a stable dividend policy, corresponding to an annual dividend distribution of around one third of the year's net profit. Dividends paid are listed here.
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How do I receive an invitation to the general meeting?
- General meetings are convened by the Board of Directors not earlier than five weeks and not later than three weeks prior to the meeting date. The meeting is announced in the IT system of the Danish Commerce and Companies Agency, by ordinary letter to all shareholders listed in the Register of Shareholders, and also on the company's website (www.nkt.dk). See also Article 3 of the Articles of Association.
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How do I submit proposals to the general meeting?
- Resolution proposals for the ordinary general meeting may be submitted in writing by any shareholder. Such proposals must be forwarded in writing to the company's Board of Directors no later than four weeks prior to the meeting. A proposal forwarded to the Board later than four weeks prior to the meeting may be placed on the agenda if the Board deems the request to be made in sufficient time for this to take place.
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Does NKT have ethical guidelines?
- NKT has signed the UN's Global Compact initiative (www.unglobalcompact.org) and formulated ethical guidelines for the Group. These guidelines set out the company's commitment to promoting ethical standards, complying with rules and regulations, and demonstrating responsibility within the Group. We expect and demand that all persons acting on NKT's behalf abide by these guidelines.
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Does the Board of Directors comply with Danish corporate governance recommendations?
- The Group Management considers that with the initiatives implemented in 2008 and 2009 NKT is fully compliant with the recommendations.
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