Ownership

At the end of the financial year, Harboes Bryggeri A/S had 4.864 registered shareholders. The registered shareholders represent DKK 58.7 million of the total share capital, corresponding to 97.8 %.

As of 30 April 2017, the following shareholders have registered a shareholding exceeding 5% of the share capital in accordance with Section 29 of the Danish Securities Trading Act:

Kirsten and Bernhard Griese
Spegerborgvej 4, 4230 Skælskør, Denmark
Equity investment: 5.6%, voting share: 2.85%

Vibeke Harboe Malling
Spegerborgvej 12, 4230 Skælskør

Equity investment: 3.40%, voting share: 16.88%

Karina Harboe Laursen
Krøyersvej 14, 2930 Klampenborg

Equity investment: 3.45%, voting share: 16.90%

Pernille Harboe Obling
Spegerborgvej 14, 4230 Skælskør

Equity investment: 3.45%, voting share: 16.90%

As at 30 April 2019, members of the Board of Directors and the Board of Executives held a total of 552,417 shares. The shareholdings of members of the Board of Executives accounted for 335,522 shares.

Members of the Board of Directors and the Board of Executives and the company’s executive officers are registered as insiders, and their trading in the company’s shares must be reported. According to Harboe’s internal rules, insiders must not engage in trading of the company’s shares for a period of 30 days prior to the publication of preliminary announcements of financial statements and under due compliance with the general rules of the Market Abuse Regulation.

Shareholders

Shareholder Holders Value ($MM) % O/S Shares
Institution 10 19.69 28.45 1,524,987
Mutual Fund 24 7.25 11.44 613,238
Insider -- -- -- --

Rotation

Shareholder Holders Value Chg ($MM) % O/S Share Change
Buyers 1 0.05 0.11 4,117
Sellers 1 -0.01 0.02 -656
Net 0.04 0.10 3,461

Concentration

Value ($MM) % O/S Shares
Total Inst. 19.69 28.45 1,524,987
Top 10 Inst. 19.69 28.45 1,524,987
Top 20 Inst. --
Top 50 Inst. --

Style

Holders Value ($MM) % Inst Shares Shares
Growth
Aggressive Growth -- --
Core Growth 3 0.70 1.12 60,224
Growth 1 -- -- 169
Income
Income Value -- --
Yield -- --
Index 1 0.02 0.03 1,676
Other 1 4.67 7.52 403,002
Broker Dealer -- --
GARP 1 4.67 7.52 403,002
Hedge Fund -- --
Specialty -- --
Value
Core Value 2 1.78 2.80 149,843
Deep Value -- --

Location: Global Region

Holders % O/S Shares Share Value
Europe 7 27.48 1,472,930 19,088,707
North America 3 0.97 52,057 603,542

Top Holders

Holder Shares Held % O/S Share Change Filing Date
Griese (Kirsten & Bernhard) 830,800 15.50 -- 4/30/18
Nordea Funds Oy 403,002 7.52 -- 6/30/19
Fundamental Fondsmæglerselskab A/S 107,878 2.01 -- 3/31/19
Dexia Bank Denmark A/S 79,273 1.48 -- 7/31/18
Dimensional Fund Advisors, L.P. 50,212 0.94 -- 6/30/19
ID-Sparinvest A/S 41,965 0.78 4,117 6/30/19
Danske Capital 7,330 0.14 -- 6/30/19
Dimensional Fund Advisors, Ltd. 2,682 0.05 -- 6/30/19
Florida State Board of Administration 1,676 0.03 -- 3/31/19
Bessemer Trust Company, N.A. (US) 169 -- -656 1/31/19

Top Holders: Mutual Funds

Fund Shares Held % O/S Share Change Filing Date
Nordea Nordic Small Cap 360,915 6.73 -- 6/30/19
Fundamental Invest Stock Pick 107,878 2.01 -- 3/31/19
Sparinvest Danske Aktier 41,965 0.78 4,117 6/30/19
DFA International Small Cap Value Portfolio 25,276 0.47 -- 4/30/19
Nordea 1 Sicav - Nordic Equity Small Cap 24,884 0.46 -- 4/30/19
DFA Continental Small Company Series 17,239 0.32 -- 4/30/19
Nordea Invest Nordic Small Cap Fund 17,203 0.32 -- 6/30/19
Danske Invest Danmark Indeks Small Cap 3,802 0.07 -- 5/31/19
DFA International Core Equity Portfolio 2,462 0.05 -- 4/30/19
Danske Invest Indeks Danmark 1,965 0.04 -1,216 5/31/19

* Insider values reflect direct beneficial ownership.

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