Right issue in vestjyskBANK fully subscribed
5/23/2012 2:30 AM EST
Vestjysk Bank A/S
Company Announcement
Right issue in vestjyskBANK fully subscribed
The Danish Financial Supervisory Authority
NASDAQ OMX Copenhagen
London Stock Exchange
Oslo Børs
23 May 2012
Right issue in vestjyskBANK fully subscribed
On 26 April 2012, vestjyskBANK published a prospectus in connection with the
offer of minimum 24,038,462 and maximum 30,644,439 new shares with pre-emptive
subscription rights for existing shareholders of the bank, see company
announcement dated 26 April 2012.
The subscription period for the offered shares has expired, and the bank has
concluded that the rights issue is fully subscribed. A total number of shares
exceeding the maximum of 30,644,439 shares has been subscribed for by exercise
of pre-emptive subscription rights or pursuant to binding undertakings to
subscribe for remaining shares. The aggregate gross proceeds amount to DKK
318.7 million.
Investors having submitted binding undertakings to subscribe for remaining
shares have been allocated an amount of shares corresponding to approximately
20.77% of the orders submitted (rounded down to nearest whole amount of
shares). A total of 205,145 new shares have been subscribed for pursuant to
binding undertakings to subscribe for remaining shares.
The Danish State has subscribed for a total of 16,008,714 new shares or 52.2%
of the offer, corresponding to the Danish State's ownership stake prior to the
offer.
The rights issue will be completed when payment for the new shares has been
completed, and the offered shares are registered with the Danish Business
Authority, expectedly on 29 May 2012.
As soon as possible thereafter, the offered shares will be admitted to trading
and official listing on NASDAQ OMX Copenhagen A/S under the ISIN code of the
bank’s existing shares (DK0010304500), expectedly on 30 May 2012.
Please direct any questions regarding this announcement to Frank Kristensen,
CEO, on tel. +45 96 63 21 01 or Michael Thorup Madsen, HR & Communication
Director, on tel. +45 96 63 21 16.
vestjyskBANK
Frank Kristensen
CEO
Vestjysk Bank A/S
Torvet 4-5
DK-7620 Lemvig
Denmark
Phone +45 96 63 20 00
CVR no. 34631328
www.vestjyskbank.dk