Newcap Holding
Revised strategy
Capinordic A/S / 17.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher 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. P R E S S R E L E A S E 17 November 2009 Revised strategy Summary: Capinordic presents a revised strategy focusing on four independent, but coherent business areas: Banking, Private Financial Services, Broker Services and Asset Management. A COO will be appointed to manage these four areas. Background of the strategy The substance of the revised strategy is to make each of Capinordic's Business areas accountable and focused on clear objectives, thus delivering increased shareholder value. Banking The Banking business area comprises two divisions: Investment Banking and Internet Banking. Internet Banking will develop a retail banking activity providing to its customers in Sweden attractive savings and basic investment products. Investment Banking will focus on offering its clients investment products in renewable energy projects, such as solar and wind farms, in the form of limited partnerships. Lending activity will be selective and mainly associated with investments in renewable energy. Market activities will focus on intermediation for the Group and third party customers. Private Financial Services Capinordic is one of Sweden's leading suppliers of active management of PPM pension savings (comparable with the Danish Special Pension contribution). Total savings in the PPM system now amount to more than DKK 200bn, of which Private Financial Services manage DKK 4.2bn. Swedish employees save up 2.5-5 per cent of their pay every year through PPM, which accordingly has an annual growth of DKK 20-25bn. The focus of Private Financial Services will be to capture an increasing share of this growing market. Broker Services Capinordic currently cooperates with approximately 750 insurance brokers in Sweden. Among other services, Capinordic offers the brokers a proprietary IT system that makes it easy and simple for the insurance brokers to cooperate with Capinordic and interact with their clients. The insurance brokers' customers can both invest directly in Capinordic's funds or opt for Capinordic to place the funds with other managers. As an independent business area, it will be easier for Broker Services to be flexible, offer innovative products and to adjust to an increasingly competitive market. Asset Management Capinordic Group currently has DKK 16.4bn under management. Asset Management will manage PPM mandates, own and external funds as well as discretionary mandates. In particular, Asset Management will focus on developing innovative and competitive investment/management products as well as improving its returns and increasing the Group's earnings on the assets under management. Organisation In order to implement the revised strategy, Capinordic will appoint a COO. Organisationally, the new COO will report to Lasse Lindblad, CEO, and will be a member of the executive team together with Mr Lindblad and Brian Steffensen, CFO. The managers responsible for the Group's four business areas will report to the future COO. Shareholders Capinordic has welcomed two new major shareholders, Mogens de Linde and Michael Henriksen Holding A/S. Shareholder Number of shares Percentage Verlinvest S.A.* 11,881,700 9.99% Mogens de Linde 11,881,700 9.99% DKA Consult A/S a.o. ** 6,611,787 5.56% Michael Henriksen Holding A/S 6,103,279 5.13% Others*** 82,411,794 69.33% Total 118,890,260 100.00% * Frédéric de Mevius of the Supervisory Board is the Managing Director of Verlinvest S.A. ** The company is owned by Lasse Lindblad, CEO. A.o. comprises DKA Invest A/S, which is part of the DKA Group. The DKA group is owned by Mr Lindblad, CEO. *** Shareholders owning less than 5 per cent of the share capital of the Company. For further information, please contact: Lasse Lindblad, CEO +45 8816 3000 +45 4094 0708 info@capinordic.com News Source: NASDAQ OMX 17.11.2009 Financial News 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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