Notice regarding the compulsory redemption of minority shareholders in INCUBA A/S pursuant to Sections 70 and 72 of the Danish Companies Act
After acquiring the majority of the shares in INCUBA A/S in the summer of 2025, AUFF Holding as of 2 November 2025 holds approximately 99.5–99.85% of the company’s share capital, depending on whether treasury shares are deducted. On this basis, AUFF Holding is carrying out a compulsory redemption of the remaining minority shareholders.
Minority shareholders have a four-week deadline to transfer their shares to AUFF Holding at a price of DKK 12.647967 per share, based on INCUBA A/S’ net asset value. The price corresponds to the amount previously accepted voluntarily by 39 shareholders. Shareholders who disagree with the price may request a valuation by an independent expert in accordance with the rules of the Danish Companies Act.
If the acceptance form is not returned within the deadline, the redemption amount will be deposited, and AUFF Holding will be registered as the owner of the shares. A subsequent three-month period will then allow redeemed shareholders to request an expert valuation.