Board member of FluoGuide sells some of his shares to pay capital gain tax on his shareholding
December 29, 2020
Copenhagen, Denmark, 29 December 2020 – FluoGuide A/S (“FluoGuide” or “the Company”) board member Peter Mørch Eriksen has, through his company PME Consult ApS, sold 14,000 shares in FluoGuide on 29 December 2020 to pay capital gain tax on his shareholding in FluoGuide under Danish tax regulations. Peter Mørch Eriksen is an active and committed Board member and with a long-term interest in the Company. After the transaction, Peter Mørch Eriksen owns 117,297 shares in FluoGuide through his company PME Consult ApS, corresponding to 1.1 percent of the shares and votes in the Company.
“Due to Danish corporate tax regulations and the success of FluoGuide during 2020, I have to pay capital gain tax in my holding company. I have decided to partly finance this by selling some of my shares in FluoGuide”, says Peter Mørch Eriksen, member of the Board of Directors of FluoGuide and continues “I have strong confidence in FluoGuide and I am very committed and proud to be part of its exciting development.”
Under Danish tax law, capital gain tax is due for shares in a publicly traded company (such as FluoGuide) when the shares are held in a limited liability company (‘Holding company’) and the total shareholding is less than 10% of the publicly traded company. The capital gain tax is calculated based on the public share price at the last day in the fiscal year of the Holding company. This is regardless if the gain is materialized by selling the shares or not.
The transaction is reported to The Danish Financial Supervisory Authority (Dk. Finanstilsynet) in accordance with current regulations.