GN Store Nord

2023 - 2 - 9

GN Store Nord announces intention to initiate a rights issue (GlobeNewswire)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN.

In connection with the offering, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the offering or otherwise. Accordingly, references in the offering memorandum or prospectus, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Banks and any of their affiliates acting as investors for their own accounts. This announcement and the information contained herein are not for distribution in or into the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia) (the “United States”). Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities falling within Article 49(2)(a) – (d) of the Order (the persons described in (A) and (B)(i) through (iii) above together being referred to as “relevant persons”). The Banks and their affiliates are acting exclusively for the Company and no-one else in connection with the offering. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to the forward-looking statements set forth herein. GN's solutions are marketed by the brands ReSound, SteelSeries, Jabra, Beltone, Interton, BlueParrott, Danavox and FalCom in 100 countries. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. This announcement is only being distributed to and is only directed at: (A) qualified investors, as such term is defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018; and who are also (B)(i) persons outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the U.K. Copies of the prospectus will, following publication be available from the Company’s registered office and on the website of the Company. Morgan, Nordea and BNP PARIBAS and, as such, the Rights Offering is, subject to certain customary conditions, fully underwritten with these banks to act as Joint Global Coordinators (“JGCs”) and Joint Bookrunners. This announcement does not constitute an offering memorandum or a prospectus as defined by Regulation (EU) No.

GN Store Nord A/S: GN Store Nord announces intention to initiate a ... (marketscreener.com)

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer ...

Q4 2022: Strong organic revenue growth of 14% in GN Hearing and ... (marketscreener.com)

2022 Highlights GN delivered DKK 18.7 billion revenue with organic revenue growth of -3% Adj. EBITA of DKK 2.2 billionIntention to initiate a fully ...

GN facilitates communication between people through intelligent hearing, audio, video, and gaming technology. - EBITA: Q1 2023 EBITA margin assumed to be mid-single digit (excluding non-recurring items) due to the topline development and investment in growth opportunities. As GN’s capital structure policy is confirmed, GN expects to return to making dividend payments, once the leverage is back within the long-term target. Due to the acquisition of SteelSeries, as announced in October 2021, GN Store Nord’s share buyback program has been paused for the time being. Excluding non-recurring items (DKK -45 in OPEX in GN Audio) in 2021 GN Audio organic GN Audio Excluding non-recurring items (DKK -31 million in OPEX in GN Audio) in 2021 GN Hearing - GN Audio delivered -3% organic revenue growth in Q4 2022 driven by 9% organic revenue growth in Enterprise but offset by -38% organic revenue growth in Consumer. - GN Store Nord delivered revenue of DKK 5.3 billion in Q4 2022 and an organic revenue growth of 3%. In accordance with our announcement on November 11, 2022, GN has conducted a comprehensive review of the appropriate capital structure.

GN Store Nord Q4 Adj EBITA At DKK 744 Mln (Kalkine Media)

Feb 9 (Reuters) - GN Store Nord A/S: * Q4 2022: STRONG ORGANIC REVENUE GROWTH OF 14% IN GN HEARING AND -3% IN GN AUDIO PRIMARILY DRIVEN BY 9% IN EN...

* OUTLOOK Q1, 2023 GN AUDIO: Q1 2023 EBITA MARGIN ASSUMED TO BE MID-SINGLE DIGIT (EXCLUDING NON-RECURRING ITEMS) DUE TO TOPLINE DEVELOPMENT AND INVESTMENT IN GROWTH OPPORTUNITIES. EBITA MARGIN IS EXPECTED TO IMPROVE IN H2 2023 DUE TO IMPROVEMENT IN OPERATING LEVERAGE * Q4 ADJUSTED.

GN Store Nord A/S : Remuneration Report 2022 | MarketScreener (marketscreener.com)

This Remuneration Report has been prepared in accordance with section 139 (b) of the Danish Companies Act. Content. Revenue (DKKm) and organic revenue growth.

Adj. The purpose of the long-term incentive program is to drive growth, in- novation, and performance relative to peers, leading to sustainable long-term value creation. GN uses the Mercer IPE methodology to establish the correct market benchmarks. Employee-elected members of the Board of Directors may in their capacity as employees be covered by general incentive schemes applicable to employees in GN. According to GN's Remuneration Policy, the annual fee for Board members shall be at the level of remuneration paid in other comparable, innovative, and high-growth companies with a global focus, including foreign based competitors. Members of the Board of Directors receive a fixed remuneration as approved by the shareholders at the Annual General Meeting. This includes the principle of treating executives fairly relative to the targets that were agreed upfront and the assumptions behind these targets. The remuneration structure ensures that the company's Executive Management is rewarded according to market practice and with a clear link between performance, the value generated for shareholders and pay. GN's Remuneration Policy and structure is aligned with the company's strategy of being an innovation-driven,high-growth company with attractive earnings margins. Excluding non-recurring items (DKK -45 million in OPEX in GN Audio) in 2021 EBITA was DKK 2,166 million in 2022 compared to DKK 2,664 million in 2021. By the end of 2022, equity in GN Store Nord amounted to DKK 6,800 million, compared to DKK 6,229 million in 2021.

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GN Store Nord A/S : Corporate Governance Report 2022 ... (marketscreener.com)

GN's statutory annual report on corporate governance for the financial year 2022, cf. section 107b of the Danish Financial Statements Act. About the report.

The primary responsibility for GN's risk management and internal control systems, including compliance with applicable legislation and other financial reporting regulations, rests with the Board and the Executive Management. In 2022, the Audit Committee continued to provide oversight of the financial reporting process, the audit process, GN's system of internal controls and compliance with laws and regulations. The Executive Management has established central compliance and control functions to monitor compliance with relevant legislation and other financial reporting This is done in the form of company announcements, press releases, investor meetings, conferences and presentations of the company's interim and annual financial results. As part of the overall governance of the company, the Board has established Audit, Nomination, Remuneration, and Strategy committees to assist with monitoring and preparatory work relating to key areas of the Board's responsibilities. The selection and nomination of candidates for the Board is described in GN's Rules of Procedure. The committee holds quarterly meetings with the participation of GN's external auditors and various subject matter experts within senior management and key support functions management and key support functions In 2022, the Nomination Committee's work focused on the evaluation of the current and future Board competencies to ensure that the Board's composition will continue to cover and support GN's businesses sufficiently. As part of such evaluation, the Chairman of the Board cooperates with each individual member to ensure that the members update and supplement their knowledge of relevant matters with a view to ensure that the members' special knowledge and qualifications are applied in the best possible manner. In evaluating existing members and potential candidates, the Board takes into account whether, considering their principal occupation and other director- ships, such members and candidates have the time required to adequately serve as member of GN's Board of Directors. The Board is committed to creating both short- and long-term value in the company, and continuously assesses the overall strategic direction of the company. GN's compliance with the individual recommendations is set out on the following pages and is reviewed once a year by the Board.

Trading in GN Store Nord shares by board members, executives and ... (marketscreener.com)

GN Store Nord has received notification pursuant to article 19 of regulation no. 596/2014 of the below transactions related to shares in GN Store Nord made ...

GN's solutions are marketed by the brands ReSound, SteelSeries, Jabra, Beltone, Interton, BlueParrott, Danavox and FalCom in 100 countries. GN facilitates communication between people through intelligent hearing, audio, video, and gaming technology. GN was founded more than 150 years ago with a vision to connect the world. 166.45 165.95 GN Store Nord has received notification pursuant to article 19 of regulation (EU) no.