Newcap Holding
Announcement from Capinordic A/S
Capinordic A/S / 28.01.2010 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Translation This text has been prepared in Danish and in English. In case of discrepancies, the Danish text will prevail. Company Announcement No. 7/2010 28 January 2010 Announcement from Capinordic A/S Today, the chairman of Capinordic Bank A/S, Mr. Mogens de Linde, has agreed with Mr. Henrik Juul, that with immediate effect Mr. Henrik Juul resigns as CEO of Capinordic Bank A/S. Mr. Henrik Vad, CEO of Capinordic A/S and member of the Supervisory Board of Capinordic Bank A/S is temporarily appointed new CEO of Capinordic Bank A/S. The Supervisory Board of Capinordic Bank A/S will immediately commence the process of hiring a new CEO for the bank. At the same time we shall announce that Capinordic A/S will execute further cost reductions, including staff costs. Accordingly, today notices of termination of employment have been served to both Capinordic A/S and Capinordic Bank A/S staff. Staff reductions are the result of the disappointing development in the Group's turnover and the regrettable profit warning, cf. Company Announcement no. 2 of January 19, 2010. Yours sincerely Henrik Vad Group CEO For further information please contact: Group CEO Henrik Vad +45 8816 3000, +45 2688 8900, info@capinordic.com News Source: NASDAQ OMX 28.01.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Capinordic A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010212570 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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