Vestjysk Bank A/S
The Danish Financial Supervisory Authority
Nasdaq Copenhagen A/S
24 March 2021
Inside information – Potential mandatory public offer
Vestjysk Bank A/S has received notice from Aktieselskabet Arbejdernes Landsbank that Aktieselskabet Arbejdernes Landsbank has entered into conditional agreements regarding purchase of shares in Vestjysk Bank A/S from Nykredit Realkredit A/S and AP Pension Livsforsikringsaktieselskab, respectively.
Vestjysk Bank A/S has been informed that Nykredit Realkredit A/S will transfer 11.5% of the share capital of Vestjysk Bank A/S, whereas AP Pension Livsforsikringsaktieselskab will transfer 16.8% of the share capital in Vestjysk Bank A/S to Aktieselskabet Arbejdernes Landsbank. Aktieselskabet Arbejdernes Landsbank will therefore in total purchase 28.3% of the total share capital of Vestjysk Bank A/S, and with its current shareholding of 32.4%, Aktieselskabet Arbejdernes Landsbank will upon execution hold 60.7% of the share capital of Vestjysk Bank A/S.
The share transfers are conditional upon approval from the Danish Financial Supervisory Authority and from the Danish Competition and Consumer Authority. Aktieselskabet Arbejdernes Landsbank expects to be able to execute the share transfers at the end of May 2021.
Upon purchase of said 28.3% of the total share capital of Vestjysk Bank A/S, Aktieselskabet Arbejdernes Landsbank will be subject to an obligation to submit a mandatory public offer to the remaining shareholders of Vestjysk Bank A/S. Vestjysk Bank A/S has been informed that Aktieselskabet Arbejdernes Landsbank in this connection will publish an offer document, which will include an offer to all shareholders of Vestjysk Bank A/S to sell their shares to Aktieselskabet Arbejdernes Landsbank at a price of DKK 3.45 per share, which is the same price as Aktieselskabet Arbejdernes Landsbank will pay for the shares to be acquired from Nykredit Realkredit A/S and AP Pension Livsforsikringsaktieselskab, respectively.
After the potential publication of the mandatory public offer by Aktieselskabet Arbejdernes Landsbank, the board of directors of Vestjysk Bank A/S will consider the offer and publish a statement to the shareholders.
Vestjysk Bank A/S
Board of Directors
Vestjysk Bank A/S
Torvet 4-5
7620 Lemvig
Phone 96 63 20 00
CVR-no. 34 63 13 28
www.vestjyskbank.dk
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About Globenewswire
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
Netbet Enterprises Limited19.4.2024 13:00:53 CEST | Press release
NetBet Casino joins forces with Stakelogic
Netbet Enterprises Limited19.4.2024 13:00:53 CEST | Pressemeddelelse
NetBet Casino slår sig sammen med Stakelogic
FUJIFILM Europe GmbH19.4.2024 09:01:09 CEST | Press release
Fujifilm Healthcare Europe launches lifelike ESD training simulator EndoGel
Netbet Enterprises Limited16.4.2024 12:23:48 CEST | Pressemeddelelse
NetBet Casino slår sig sammen med Play'n Go
Netbet Enterprises Limited16.4.2024 12:23:37 CEST | Press release
NetBet Casino joins forces with Play'n Go
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom