Disclaimer (English)

HC Andersen Capital receives payment from the companies for a digital IR/Corporate visibility agreement.

HC Andersen Capital applies the following disclaimers to all events, Investment Cases and SoMe.    

Research example: “HC Andersen Capital receives payment from COMPANY through a Digital IR/Corporate Visibility agreement. / Kasper Lihn kl. 10:40 d. 10-01-2022.”  

Event example: “HC Andersen Capital receives payment from COMPANY through a Digital IR/Corporate Visibility agreement. “  

It is evident from the Disclaimer: that there is a payment between COMPANY and HC Andersen Capital and that HCA is accepting responsibility for the analysts name and time of release.    

Example of Investment Case: 

 (front page) “COMPANY-SPONSORED MATERIAL: HC Andersen Capital receives payment from COMPANY  for a Digital IR/Corporate Visibility subscription agreement. The authors, ANALYST NAME and ASSISTANT ANALYST NAME, have no ownership in COMPANY. This is not a piece of advice to buy, not to buy, sell, or not to sell shares. The material has been read by the company before publication. HC Andersen Capital assumes no responsibility for correctness of the contents of the material. See full disclaimer on back page.” 

(back page) “DISCLAIMER: HC Andersen Capital receives payment from COMPANY for a Digital IR/Corporate Visibility subscription agreement. The authors, ANALYST NAME and ASSISTANT ANALYST NAME, have no ownership in COMPANY. This is not a piece of advice to buy, not to buy, sell, or not to sell shares. The material has been read by the company before publication. HC Andersen Capital assumes no responsibility for correctness of the contents of the material. An investment case by HC Andersen Capital provides information about the company such as financial expectations, risk factors, market drivers, market growth, competitive landscape and valuation perspectives based on well- established valuation methodologies such as multiples, peer comparisons, and DCF models. HC Andersen Capital does not provide any valuation ranges or recommendations, i.e. investors must take their own investment decisions.“    

Personal Dealing

Any employee in HC Andersen Capital are subjected rules about Personal Dealing.   

Personal dealing is by default allowed under the following prerequisites:  

1. Analysts who cover a share are NOT allowed to own it. 
2. The head of Equities and the Director are by default NOT allowed to own shares, with which there is a #DigitalIR agreement (under certain prerequisites there can be exceptions).
3. All employees are committed to act reasonably and not against the company’ interests.

Common Sense

Any employee in HC Andersen Capital commit to meet the expectations to spirit and letter in Danish law.   

Regarding questions to Compliance. Request the Director, Tue Østergaard.  

Disclaimer
HC Andersen Capital receives payment from the companies for a #DigitalIR agreement.

HC Andersen Capital modtager betaling fra selskaberne for en #DigitalIR aftale.