Brief: Sydbank, Arbejdernes Landsbank, Vestjysk Bank To Merge

AL Sydbank A/S

27/10/2025 07:42

Oct 27 (Reuters) - Sydbank A/S SYDB.CO:

REG-SYDBANK, ARBEJDERNES LANDSBANK AND VESTJYSK BANK ENTER INTO MERGER AGREEMENT

BOARDS OF SYDBANK, ARBEJDERNES LANDSBANK AND VESTJYSK BANK UNANIMOUSLY RECOMMEND SHAREHOLDERS TO VOTE IN FAVOUR OF MERGER

AL SYDBANK WILL BE AMONG DENMARK'S FIVE LARGEST BANKS WITH TOTAL LENDING OF DKK 137 BILLION

EXPECTED ANNUAL COST SYNERGIES OF DKK 1.2 BILLION

ARBEJDERNES LANDSBANK SHAREHOLDERS TO RECEIVE SHARES IN AL SYDBANK AT 62.47:1 EXCHANGE RATIO

62.47 SHARES WITH A NOMINAL VALUE OF DKK 1 WILL BE EXCHANGED FOR 1 SHARE WITH A NOMINAL VALUE OF DKK 10

VESTJYSK BANK SHAREHOLDERS TO RECEIVE 100.52:1 EXCHANGE RATIO

SHAREHOLDERS IN VESTJYSK BANK WILL ALSO RECEIVE CASH CONSIDERATION OF DKK 1.78 PER SHARE

AT TIME OF MERGER, MARK LUSCOMBE WILL BE CEO OF AL SYDBANK

POST MERGER, OWNERSHIP STRUCTURE OF AL SYDBANK TO BE 57.15% HELD BY SYDBANK'S SHAREHOLDERS

POST MERGER, OWNERSHIP STRUCTURE OF AL SYDBANK TO BE 39.00% BY ARBEJDERNES LANDSBANK SHAREHOLDERS, 3.85 % BY VESTJYSK BANK'S MINORITY SHAREHOLDERS

Source text: ID:nGNE2gNWkd

Further company coverage: SYDB.CO

 (Gdansk Newsroom)

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