Completion of offer of shares with pre-emption rig

Nasdaq Copenhagen A/S 29 September 2017  

Completion of offer of shares with pre-emption rights in Vestjysk Bank

On 6 September 2017, Vestjysk Bank published a prospectus (the “Prospectus”) in connection with the offering of up to 744,973,396 new shares (the “Offered Shares”) of a nominal value of DKK 1 with pre-emptive rights for the bank’s existing shareholders at a price of DKK 1 per share of nominally DKK 1 (the ”Offer”); see company announcement of 6 September 2017 for details. As stated in company announcement of 27 September 2017, the Offer has been fully subscribed for.

Completion of the Offer

The bank has now received the full subscription amount of DKK 744,973,396. Therefore, the bank has today carried through the Offer and registered the capital increase of nominally DKK 744,973,396 with the Danish Business Authority.

The bank’s total gross proceeds from the Offer constitute DKK 744,973,396. The net proceeds from the Offer amount to approx. DKK 715 million, following deduction of costs payable in connection with the Offer.

The Offered Shares will as soon as possible be admitted to trading and official listing at NASDAQ Copenhagen A/S under the permanent ISIN code for the bank’s existing shares (ISIN VJBA DK0010304500). The expected first day of trading and official listing will be 2 October 2017.

Share capital after the Offer

As a consequence of completion of the Offer, Vestjysk Bank’s share capital has been increased by nominally DKK 744,973,396, and the bank’s share capital will subsequently amount to nominally DKK 895,981,517, divided into shares of nominally DKK 1, corresponding to 895,981,517 votes. Consequently, Vestjysk Bank’s articles of association have been amended and will be available on the bank’s website.

Management subscription

Members of the bank’s board of directors and executive board have subscribed for a total of 475,169 shares by acquisition and exercise of subscription rights in the subscription period. For additional information concerning the management’s transactions, please see published company announcements regarding this and the Prospectus.

Completion of the overall plan

With the completion of the Offer, all elements in the overall plan for the bank, described in the company announcement of 12 June 2017 and in the Prospectus, have been carried through.

Any queries concerning this company announcement can be directed to CEO Jan Ulsø Madsen on tel. 96 63 21 04.   

Vestjysk Bank A/S Jan Ulsø Madsen CEO

Vestjysk Bank A/S Torvet 4-5 DK-7620 Lemvig Denmark Phone +45 96 63 20 00 CVR no. 34631328 www.vestjyskbank.dk