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14/02-2018 16:12:55: (TKDV.CPH) Change of management

Change of management

Company announcement no. 4/2018

Change of management

In company announcement no. 9/2017 of 11 December 2017, TK Development announced that the Board of Directors wished to complete a generational change at CEO level, and that the current CEO, Frede Clausen, will step down when a new CEO has been found at the latest.

It has now been agreed with Frede Clausen that he will step down on 31 March 2018.

The search for a new CEO is progressing according to plan and will continue over the coming months.

Contact details:

TK Development A/S

Peter Thorsen, Chairman

T: +45 4070 0676

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