Change of management in Dataproces Group A/S

Company announcement no. 3/2023, (inside information): Dataproces hires new CEO and expands the management.

Inside information.

As planned Kjartan Jensen is stepping down as CEO of Dataproces. The new CEO taking over will be Michael Binderup, who has solid leadership experience from both the public and private sectors.

The management of Dataproces is being expanded at the same time with COO Kristina Koed, who over the past 11 years has contributed to Dataproces’ development, and who knows the business and customers to the last detail.

From June 15^th 2023, Michael Binderup and Kristina Koed will ensure the continued growth of the SaaS business on the Danish public market, as well as continued development of the Data Analysis business.

The management in Dataproces Group A/S will from June 15^th 2023 consist of: CEO Michael Binderup and COO Kristina Koed.

 

Kjartan Jensen continues in Dataproces in a new costumer focused role:

''I am very satisfied that the board has succeeded in bringing in Michael as the new CEO, he has exactly the profile that is needed for the next phase. The fact that Kristina at the same time is elevated to the management will be an advantage for both Michael and the board, and will ensure that the future strategy is anchored in the current business.''

“My future focus will be the costumers, as I will focus my energy on supporting Dataproces’ continued development and growth. In this role I will do everything in my power to ensure Michael a strong start in Dataproces. It has been an incredible journey to take Dataproces to the current level, and I look forward to, through my new role, to ensure that the next chapter will be equally exciting.”

Michael Binderup come with extensive experience in the public market, where he has held management and leadership positions both in Aalborg and Jammerbugt Municipality within, among other things, finance, HR and digitalization. Most recently, he has worked with strategy, business development and bid-management at KMD.

 

Michael Binderup, new CEO:

''I am proud of and happy to have the opportunity to pass on the baton after Kjartan Jensen. I have followed Dataproces' development from the customer side, and see enormous potential for the future. My focus will be to secure the course set for the coming financial year, and in collaboration with the board, prepare the strategy for how we expand into new markets.”

Michael Binderup is educated Cand. Scientist. Adm. from Aalborg University and will take over the position as CEO of Dataproces on June 15^th 2023.

 

Kristina Koed, COO:

"I am both proud and happy to become part of the management and contribute to the continued development of Dataproces - both in the analysis and SaaS business. In addition, I am looking forward to the future collaboration with the board and not least our new CEO Michael Binderup.”

 

Chairman of the board HC Maarup:

''The board is looking forward to the collaboration with both new CEO Michael Binderup and COO Kristina Koed in the new management. We have had a good and constructive process in the work of finding a new CEO, who can both strengthen the present and support future growth. We have now succeeded with Michael Binderup. At the same time, we on the board are happy that Kristina Koed will take on an even larger role in Dataproces.'

 

As part of the remuneration model, the board has chosen to use its authorization in the articles of association. 4.2 and issued warrant agreements to the two new members of the management. Warrants are awarded free of charge, and without any additional conditions attached to the award

The warrant program runs over 3 years; 2024, 2025 and 2026. The program causes a maximum of 650.000 new shares to be issued over the 3 years, corresponding to a nominal DKK 13.000 of the company's capital. The number may be smaller, as the individual agreements expire upon termination of employment.

The final warrant program is based on a weighted average price over 30 trading days of the quoted price of the Company up to and including May 10^th 2023, which is calculated at DKK 2,15.

When subscribing for new shares through the warrant program's maturity periods, the newly subscribed shares will each time be subject to a 12-month lock-up period.

The authorization in the articles of association 4.2 is reduced to nominal DKK 111.629.56, and the company's articles of association will be updated accordingly.

Any inquiries can be directed to the chairman of the board, Hans Christian Rasmussen Maarup, hc@dataproces.dk

 

Kind regards

 

The board of Dataproces Group A/S