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4 August 2020

Listed Companies' Announcement of new Guidance following Suspension of previous Guidance

After the Danish Financial Supervisory Authority (the “DFSA”) on 20 March 2020 accepted that Danish listed companies suspended their guidance for 2020 as a result of the COVID-19 situation, the DFSA in August 2020 announced that the companies should now, in general, issue new guidance. In this connection, the DFSA has stated that this new guidance generally constitutes inside information, regardless of whether this is within intervals of the previously suspended guidance, and will therefore have to be published as soon as possible. However, the DFSA also acknowledges that there may be companies that cannot issue new fair guidance due to the continued uncertainties. Such companies should instead announce this to the market. The significance for Danish listed companies of the DFSA’s announcement will be described in the following.

Dan Moalem

Partner

+45 30 37 96 10

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Henning Hedegaard Thomsen

Partner

+45 30 37 96 18

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