Vestjysk Bank A/S logo

VJBA - Vestjysk Bank A/S News Story

DKK3.36 -0.0  -0.7%

Last Trade - 3:59pm

Sector
Financials
Size
Mid Cap
Market Cap £480.9m
Enterprise Value £201.3m
Revenue £180.5m
Position in Universe 504th / 1850

BRIEF-Vestjysk Bank: Mandatory Tender Offer To All Shareholders In Co

Mon 31st May, 2021 10:23am
May 31 (Reuters) - Vestjysk Bank A/S  VJBA.CO :
    * REG-MANDATORY TENDER OFFER TO ALL SHAREHOLDERS IN VESTJYSK
BANK
    * SHARES ARE ACQUIRED FROM NYKREDIT REALKREDIT A/S AND AP
PENSION
LIVSFORSIKRINGSAKTIESELSKAB
    * RECEIVED NOTIFICATION THAT ARBEJDERNES LANDSBANK HAS
ACQUIRED
350,147,033 SHARES, CORRESPONDING TO 28.4% OF SHARES AND VOTING
RIGHTS IN CO
    * AL'S TOTAL SHAREHOLDING NOW EQUALS 60.8% OF SHARE CAPITAL
AND
VOTING RIGHTS IN VESTJYSK BANK
    * OFFER PRICE IN TAKEOVER BID WILL AMOUNT TO DKK 3.45 PER
SHARE.
    * AL HAS NOTIFIED THAT AS AL HOLDS MORE THAN A THIRD OF
VOTING
RIGHTS IN VESTJYSK BANK, AL HAS AN OBLIGATION TO SUBMIT A
MANDATORY PUBLIC TAKEOVER BID
    * AL MUST PUBLISH A PURCHASE OFFER DOCUMENT WITHIN FOUR
WEEKS;
VESTJYSK BANK'S BOARD WILL THEN DISCUSS BID AND DISTRIBUTE A
STATEMENT
    * BOARD OF DIRECTORS RECOMMENDS THAT VESTJYSK BANK'S
SHAREHOLDERS
AWAIT SUCH STATEMENT

Source text for Eikon:  ID:nGNE1fGKRx 
Further company coverage:  VJBA.CO 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.