Vestjysk Bank A/S repays subordinated loan capital

12/21/2012 6:05 AM EST

Vestjysk Bank A/S
Company Announcement

Vestjysk Bank A/S repays subordinated loan capital

The Danish Financial Supervisory Authority
NASDAQ OMX Copenhagen
London Stock Exchange
Oslo Børs


21 December 2012


Vestjysk Bank A/S repays subordinated loan capital

Vestjysk Bank A/S has obtained the Danish Financial Supervisory Authority’s
permission to repay on a continuous basis until 31 March 2013 subordinated loan
capital of up to nom. NOK 135 million and nom. NOK 180 million at a rate
significantly below par. 

As of today’s date and subject to this permission, the Bank has repurchased at
an average rate of 47.60: 

  -- Nom. NOK 55 million under ISIN No0010331499. The ISIN is listed for trading
     at the Oslo Alternative Bond Market Exchange (Oslo ABM). The funds will be
     used to repay the principal, which will then stand at NOK 145 million.
  -- Nom. NOK 24 million under ISIN No0010313349. The ISIN is unlisted. The
     funds will be used to repay the principal, which will then stand at NOK 111
     million.

In isolation, the repurchase will have a limited positive impact on the Bank’s
actual solvency. 



vestjyskBANK

Vagn Thorsager
CEO

 

Vestjysk Bank A/S
Torvet 4-5
DK-7620 Lemvig
Denmark
Phone +45 96 63 20 00

CVR no. 34631328
www.vestjyskbank.dk