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Spar Nord Bank A/S completes
fully subscribed rights issue
Spar Nord Bank A/S (the “Bank” or ”Spar Nord”) has today completed the
offering of shares with pre-emptive rights for the Bank’s existing shareholders
pursuant to the prospectus dated 5 March 2012. The offering was fully
subscribed, with 57,068,810 new shares of nominally DKK 10. lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size: 10pt">
As is usually the case for this type of issues, a small number of rights
were not exercised, for which reason 0.2 % of the shares were subscribed for by
the underwriters.
For a description of the offering, reference is made to company
announcement no. 9 dated 5 March 2012.style="font-family: Verdana, Geneva, sans-serif; font-size: 10pt">
Proceeds of DKK 913
million
The new shares were subscribed for at a price of DKK 16 per new share of
nominally DKK 10, and thus the offering has generated gross proceeds for Spar
Nord of DKK 913.1 million, corresponding to DKK 837.7 million in net proceeds
after deduction of estimated costs in connection with the offering.
Share capital, voting rights and
ISIN code
The capital increase was registered today with the Danish Business
Authority, and the new shares will then have the same rights as Spar Nord’s
existing shares, including the right to dividends and voting
rights.
After registration of the 57,068,810 new shares of nominally DKK 10 each,
Spar Nord’s nominal share capital amounts to DKK 1,141,376,200, divided into
114,137,620 shares of nominally DKK 10, which corresponds to 114,137,620 voting
rights.
In accordance with applicable disclosure obligations, Spar Nord hereby
discloses that the above will also apply at the end of March 2012.
The temporary ISIN code for the new shares (DK0060416048) is expected to
be merged with the ISIN code for the existing shares (DK0060036564) on NASDAQ
OMX Copenhagen on 29 March 2012.
Carnegie Bank A/S and Danske Bank A/S have acted as Joint Global
Coordinators & Bookrunners in connection with the offering.lang="EN-GB" style="font-family: Verdana, Geneva, sans-serif; font-size: 10pt">
Sincerely yours,
Spar Nord Bank A/S
Contacts:
Lasse Nyby, Chief Executive Officer, tel.: (+45) 96 34 40 11
Ole Madsen, Senior Vice President, Corporate Communications, tel.: (+45)
96 34 40 10