DGAP-Regulatory: Company announcement concerning the compulsory redemption of the shares of the minority shareholders of DiBa

DGAP-Regulatory: Company announcement concerning the compulsory redemption of 
the shares of the minority shareholders of DiBa Bank A/S

Sydbank A/S  / Miscellaneous

09.01.2014 09:30

Dissemination of a Regulatory Announcement, transmitted by
DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------


Aabenraa, Denmark, 2014-01-09 09:30 CET (GLOBE NEWSWIRE) --
In continuation of Company Announcement No 20/2013 dated 20 December 2013
released by Sydbank A/S ('Sydbank'), Sydbank, holding 97,3% of the share
capital and voting rights in DiBa Bank A/S (CVR No 32 12 77 11) ('DiBa Bank'),
has decided that the remaining shareholders of DiBa Bank A/S are to have their
shares redeemed by Sydbank in pursuance of sections 70-72 of the Danish
Companies Act. As stated in the recommended voluntary tender offer submitted by
Sydbank on 21 November 2013 regarding the shares in DiBa Bank, Sydbank intended
to initiate a compulsory redemption regarding the remaining shareholders of
DiBa Bank, provided that the terms and conditions of the tender offer were
satisfied. 

Compulsory redemption will be initiated on 15 January 2014 by letter to the
registered shareholders, by announcement on the website of DiBa Bank and by
advertisement in a national newspaper as well as a local newspaper (in
accordance with the Articles of Association of DiBa Bank regarding convening
general meetings). 

The minority shareholders will be requested to transfer their shares in DiBa
Bank to Sydbank at a price of DKK 145 per share of DKK 20 nominal within 4
weeks. The deadline for the transfer of shares by the minority shareholders of
DiBa Bank to Sydbank will expire on 12 February 2014 at 23:59. 

The price offered is equal to the price offered to the shareholders of DiBa
Bank in Sydbank's recommended voluntary tender offer that expired on 19
December 2013 and as a result of which, following the implementation of the
tender offer, Sydbank holds more than 90% of the share capital and the voting
rights in DiBa Bank.

Click on, or paste the following link into your web browser, to view the
associated documents

https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmen
tId=456192

News Source: NASDAQ OMX



09.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:           English
Company:            Sydbank A/S
                    
                     
                    Dänemark
Phone:              
Fax:                
E-mail:             
Internet:           
ISIN:               DK0010311471
Category Code:      MSC
TIDM:               0G6U
Sequence Number:    1839
Time of Receipt:    Jan 09, 2014 09:30:09
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------
 
Press spacebar to pause and continue. Press esc to stop.