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

MANDATORY TENDER OFFER TO ALL SHAREHOLDERS IN VESTJYSK BANK

Mon 31st May, 2021 10:17am
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20210531:nGNE1fGKRx&default-theme=true


31 May 2021

Company announcement 



With reference to the company announcement of 24 March 2021 concerning a
potential mandatory public takeover bid from Aktieselskabet Arbejdernes
Landsbank ("AL"), Vestjysk Bank A/S ("Vestjysk Bank") today received
notification that AL has acquired 350,147,033 shares, corresponding to 28.4%
of the shares and voting rights in Vestjysk Bank. The shares are acquired from
Nykredit Realkredit A/S and AP Pension Livsforsikringsaktieselskab.

Prior to the completion of the acquisition, AL owned 32.4% of the shares in
Vestjysk Bank.

This means that AL's total shareholding now equals 60.8% of the share capital
and voting rights in Vestjysk Bank. 

According to section 3(1) of the Danish Executive Order no. 636 of 15 May 2020
on Takeover Bids (the "Danish Executive Order on Takeover Bids")
(bekendtgørelse om overtagelsestilbud), AL has therefore notified that as AL
holds more than a third of the voting rights in Vestjysk Bank, AL has an
obligation to submit a mandatory public takeover bid to all shareholders in
Vestjysk Bank to acquire all outstanding shares in Vestjysk Bank.

The offer price in the takeover bid will amount to DKK 3.45 per share.

Please refer to AL's announcement published today (enclosed) for further
details. 

AL must publish a purchase offer document within four weeks from today.
Vestjysk Bank's board of directors will then discuss the bid and distribute a
statement on the advantages and disadvantages of the takeover bid in
accordance with the Danish Executive Order on Takeover Bids. 

The board of directors recommends that Vestjysk Bank's shareholders await such
statement.



Vestjysk Bank A/S



Board of directors

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

CVR no. 34 63 13 28
www.vestjyskbank.dk



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATIONS IN
THE JURISDICTION IN QUESTION.





Attachment
*     Aktieselskabet Arbejdernes Landsbank publishes a compulsory takeover bid
to the shareholders of Vestjysk Bank AS
(https://ml-eu.globenewswire.com/Resource/Download/5f6edfa2-a594-4821-91bb-288a7d0c442f)
© 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.