The VILLUM FOUNDATION as the principal shareholder

The VILLUM FOUNDATION as the principal shareholder receives revenue from VKR Holding, the parent company of a number of companies in the building components industry, e.g. VELUX roof windows and VELFAC and Rationel Vinduer. Thus, according to its Statutes, the VILLUM FOUNDATION, in its capacity as principal shareholder, has a concomitant co-responsibility for “guaranteeing the financial foundation for the continued existence of VKR Holding and its affiliated companies on a sound commercial and financial basis”. This entails that the foundation is party to elections to the board of VKR Holding.

The VELUX FOUNDATION is neither legally nor financially associated with VKR Holding or its affiliates. There is, however, an indirect link in that the VELUX FOUNDATION has received both capital and donation funds from the VILLUM FOUNDATION.