NKT A/S announces results of its tender offer for hybrid securities

Investor News

16 March 2026

NKT A/S announces the results of its invitation to holders of its EUR 150m Callable Subordinated Capital Securities due 3022 with ISIN code DK0030510995 (the “Securities”) to tender such Securities for purchase by NKT A/S for cash (the “Tender Offer”).

The Tender Offer was announced on 10 March 2026 and was made subject to the terms and conditions of the Tender Offer, set out in the tender information document dated 10 March 2026.

Following expiration of the Tender Offer, which has now occurred, EUR 127,592,000 in aggregate principal amount (representing 85.1% of the outstanding principal amount) of the Securities had been validly tendered pursuant to the Tender Offer. It is hereby announced that NKT A/S has accepted for purchase EUR 127,592,000 in aggregate principal amount of the Securities.

The purchase price together with any accrued and unpaid interest on the Securities will be paid to holders whose Securities have been accepted for purchase by NKT A/S. Settlement of the Tender Offer will occur on 19 March 2026.

Securities not tendered by holders or not accepted for purchased by NKT A/S as part of the Tender Offer will remain outstanding after 19 March 2026 and continue to be subject to the terms and conditions of the Securities including the possibility of NKT A/S to exercise its clean-up call in accordance with clause 10.7.

Danske Bank A/S, Nordea Bank Abp, Nykredit Bank A/S and Skandinaviska Enskilda Banken AB (publ), acted as Dealer Managers for the tender offer.

The information provided in this announcement does not change the 2026 financial outlook for NKT.

Contact

Investors

Jacob Johansen, Head of Investor Relations
+45 2169 3591 / [email protected]
 

Press

Louise Westh Naldal, Head of Group Communications

+45 2982 0022 / [email protected]