Demant A/S: Transactions with Demant shares by members of the Board of Directors, the Executive Board and closely associated persons

Company announcement no 2023-01

2 January 2023

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Søren Nielsen

2.

Reason for the notification

a)

Position/status

President & CEO

Member of the Executive Board

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identication code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2022. The share price corresponds to the average share price quoted on Nasdaq Copenhagen in week 3, 2022.

c)

Price(s) and volume(s)

Price(s)                             Volume(s)

DKK 302.65 per share        4,049 shares

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 4,049 shares

Price: DKK 1,225,429.85

e)

Date of the transaction

30 December 2022

f)

Place of the transaction

Nasdaq Copenhagen A/S

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

René Schneider

2.

Reason for the notification

a)

Position/status

CFO

Member of the Executive Board

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identication code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2022. The share price corresponds to the average share price quoted on Nasdaq Copenhagen in week 3, 2022.

c)

Price(s) and volume(s)

Price(s)                            Volume(s)

DKK 302.65 per share       1,930 shares

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 1,930 shares

Price: DKK 584,114.50

e)

Date of the transaction

30 December 2022

f)

Place of the transaction

Nasdaq Copenhagen A/S

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Arne Boye Nielsen

2.

Reason for the notification

a)

Position/status

President of Diagnostics & Communications
Member of the Executive Board

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identication code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2022. The share price corresponds to the average share price quoted on Nasdaq Copenhagen in week 3, 2022.

c)

Price(s) and volume(s)

Price(s)                            Volume(s)

DKK 302.65 per share       2,753 shares

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 2,753 shares

Price: DKK 833,195.45

e)

Date of the transaction

30 December 2022

f)

Place of the transaction

Nasdaq Copenhagen A/S

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Niels Wagner

2.

Reason for the notification

a)

Position/status

President of Hearing Care

Member of the Executive Board

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identication code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in
accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2022. The share price corresponds to the average share price quoted on Nasdaq Copenhagen in week 3, 2022.

c)

Price(s) and volume(s)

Price(s)                            Volume(s)

DKK 302.65 per share       2,321 shares

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 2,321 shares

Price: DKK 702,450.65

e)

Date of the transaction

30 December 2022

f)

Place of the transaction

Nasdaq Copenhagen A/S

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Casper Jensen

2.

Reason for the notification

a)

Position/status

Member of the Board of Directors (staff-elected)

b)

Initial notification/amendment

Initial notification

3)

Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor

a)

Name

Demant A/S

b)

LEI

213800RM6L9LN78BVA56

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted

a)

Description of the financial

instrument, type of instrument

Identication code

Shares

DK0060738599

b)

Nature of the transaction

Purchase of shares under share salary arrangement in accordance with section 7p of the Danish Tax Assessment Act, i.e. voluntary conversion of part of the remuneration into shares. Sign-up for participation in the arrangement was done at the beginning of 2022. The share price corresponds to the average share price quoted on Nasdaq Copenhagen in week 3, 2022.

c)

Price(s) and volume(s)

Price(s)                            Volume(s)

DKK 302.65 per share       585 shares

d)

Aggregated information:

- Aggregated volume

- Price

Aggregated volume: 585 shares

Price: DKK 177,050.25

e)

Date of the transaction

30 December 2022

f)

Place of the transaction

Nasdaq Copenhagen A/S

Further information:

Mathias Holten Møller, Head of Investor Relations

Peter Pudselykke, Investor Relations Officer

Trine Kromann-Mikkelsen, VP Corporate Communications and Relations

Phone +45 3917 7300

www.demant.com