Lundbeck CEO acknowledges investor frustration over share split

Deborah Dunsire, CEO of Lundbeck, understands both the motivation behind majority owner the Lundbeck Foundation’s two share groups idea and the frustration it causes for other shareholders.

by christian bundgaard, translated by daniel pedersen

It was the right decision to split Lundbeck’s shares into two groups, says the company’s chief executive, Deborah Dunsire. This means majority owner the Lundbeck Foundation sits on the majority of votes, while potentially allowing to company to raise capital earmarked for acquisitions by selling shares, writes financial media Finans.

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Lundbeck CEO has no current capital raising plans
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ATP says Lundbeck share split was "a step in the wrong direction" following divestment
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Denmark's largest pension fund divests all Lundbeck shares
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