DAMGAARD MAKES NEW APPOINTMENTS IN PREPARATION FOR IPO.Damgaard Holdings A/S, the Danish software group, is planning a flotation on the Copenhagen Stock Exchange Copenhagen Stock Exchange The only securities exchange in Denmark. It features electronic trading of stocks, bonds, futures, and options. in 1999. The announcement follows an earlier split with IBM Corp in November when Damgaard bought back the computer giant's 50% stake. At the time of the split, Damgaard said it was looking into the possibility of an IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. but had not come to a firm decision. The IPO is now certain and is expected in the first quarter of the new year. In preparation, the company has made a number of non-executive director appointments. Hans Werdelin, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sophus Berdensen A/S, was elected chairman of the newly constituted board at a General Meeting on November 30. The three other non-executive appointments are: Dennis Keeling, chief executive of BASDA BASDA Business & Accounting Software Developers Association BASDA Business Application Software Developers' Association the international trade association for software developers; Peter Max, former CEO of Microsoft Denmark and now the CEO of the Danish Payment System (PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, Holding A/S); and Vagn Thorop, a lawyer and partner in the law firm Krosmann & Munter. |
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