Increased visibility for NKT sharesPublished 9.12.2003
NKT will become a MidCap+ company on 1 January 2004. For readers of the newspaper share columns this means that from 1 January 2004, NKT shares will be listed under ‘MidCap+ companies’ rather than ‘Other companies’.
Thomas Hofman-Bang, who as Chief Financial Officer of NKT Holding A/S is responsible for ensuring that NKT at all times administers its financial resources as effectively as possible, is well pleased with NKT’s admission to the ranks of the MidCap+ companies, among other things because of the visibility that follows in the wake of membership of a recognised share index.
- For many years we have not utilised our shares as an active financial instrument - for instance to obtain capital for our operations, says Thomas Hofman-Bang. - And we have no difficulty in running our businesses without being a member of a share price index because we are in the favourable position of having strong capital resources built up by NKT over many years.
We do believe, however, that there are clear benefits in our shares being exposed to trading via their visibility in a share index. This is because regular trading provides the basis for a more accurate share valuation, adds Thomas Hofman-Bang.
