Ownership

The share capital of Danfoss A/S amounts to DKK 997 million and is divided into two share classes: Class A shares accounting for DKK 425 million and Class B shares accounting for DKK 572 million. Class A shares give rights to ten votes per DKK 100 share (nominal value), whereas Class B shares give rights to one vote per DKK 100 share (nominal value). Furthermore, owners of Class A shares have a pre-emption right to A-shares in the event of share capital increases. No other shares carry special rights.

Bitten & Mads Clausen’s Foundation and the Clausen family hold all issued A-shares and several B-shares corresponding to 99.86% of the votes. The controlling shareholders have entered into a shareholder agreement to ensure a stable future ownership structure.

Employees and senior leaders in Danfoss have, on several occasions, been offered the opportunity to buy employee shares.

Since 2006, Danfoss shares have been registered with the Danish Securities Centre (Værdipapircentralen). This means that the shares are generally not subject to trading restrictions or obligations. However, up until now, in practice Danfoss A/S has bought back shares, which holders have wished to realize at the price in force at the time in question.

Shareholder Portal

Go to the Shareholder Portal.

Annual General Meeting

The rules governing the convening and the holding of the general meeting is laid down in Danfoss Articles of Association in Danish and in English.

Sale of Danfoss shares - deposit in Danske Bank

Danfoss has previously on two occasions offered shares to the employees. In addition, the Bitten & Mads Clausen’s Foundation in 2004 offered a total of 10,000 shares for sales via the so-called ”10,000 pool”. Shares from this pool can only be sold back to Danfoss in a period of three weeks following the ordinary Annual General Meeting each year.

Danfoss buys back employee shares when shareholders wish to realize them. There is only settlement once a month (around the second Monday).

Custody account holders living abroad might have received a letter from Danske Bank related to increased monthly charges from October 2023. Kindly be informed, that if you have received this letter, it has been sent to you by mistake. The fee will not be charged to custody accounts that only hold Danfoss A/S shares and if that is the case, it can be disregarded.

If the shares are in a Danske Bank deposit, please use one of the forms below:

Employee shares - Danish version
Employee shares - English version
Shares from the 10,000 pool – Danish version
Shares from the 10,000 pool - English version

The completed form must be returned to:

Mail: Danfoss A/S, Legal Department, Nordborgvej 81, A839, DK-6430 Nordborg
E-mail: shareholderrelations@danfoss.com

Provided that the form is received no later than on the second Monday of the month, the sales proceeds will be deposited on the cash account associated with the custody account as soon as Danske Bank has completed their mandatory KYC check.

For international transfers, please make sure to provide the following information when you submit the form. You may use the template for proof of identity:

SWIFT address of your bank
Name and address of your bank
IBAN and account number in your bank
The account number in Danske Bank
Tax Identification Number (TIN-number)
Currency in which payment shall be made
Copy of 2 of the following ID documentation: passport, driver’s license or national ID card
Power of Attorney that authorizes Danfoss to share the sales documentation with Danske Bank, so that Danske Bank can finalize the sale of the shares

Sale of Danfoss shares - deposit in other bank

Danfoss buys back employee shares when shareholders wish to realize them. There is only settlement once a month (around the second Monday).

If the shares are in a deposit in a bank other than Danske Bank, please use the form below. The completed form must be returned to the bank. Further instructions are placed in the form. If you want to sell shares bought from the 10,000 pool, please use the special form below. If no form is visible, please contact shareholderrelations@danfoss.com.

Employee shares, other bank – Danish version

Shares from the 10000 pool, other bank – Danish version

Dividends

Dividends are determined by the General Meeting upon recommendation from the Danfoss Board of Directors. Dividends are paid out in Danish kroner and is deposited on the dividend account associated with the share deposit.

Year	2001	2002	2003	2004	2005	2006	2007	2008	2009
Dividend per share (DKK)	10	10	10	12.5	15	18	20	25	20

Year	2010	2011	2012	2013	2014	2015	2016	2017	2018
Dividend per share (DKK)	0	10	31.5	39.2	78.3	48.90	51.8	50.2	60.2

Year	2019	2020	2021	2022	2023	2024
Dividend per share (DKK)	60.2	0	0	141.3	153.1	183.6

Taxation upon share sales and dividends

Taxation upon share sales
Taxation upon share sales varies from one country to another. In Denmark profit from share sales is taxable and must be declared to the Danish tax authorities. The shareholder is responsible for reporting taxable profit.

Taxation upon dividends
Taxation upon dividends varies from one country to another. In Denmark dividends are taxed 27%. Danfoss retains and pays in tax upon dividends paid out in Denmark and in countries with which Denmark has signed joint taxation agreements. Share holders are responsible for controlling whether dividends have been correctly declared on their income tax return.

Danfoss does not advise share holders in tax matters but urges shareholders to seek independent advice concerning their tax matters. Furthermore, Danish share holders are referred to SKAT, phone: +45 7222 1818.

Transfer of shares to pension deposit

Please note: if liable to DK taxation, tax must be paid of Danfoss shares transferred to a pension deposit – like in case of a sale.