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Stock Exchange Announcement No 07/07
Group Executive Management
Peberlyk 4
PO Box 1038
DK-6200 Aabenraa
Tel +45 74 36 36 36
Fax +45 74 36 35 36
direktionen@sydbank.dk
www.sydbank.com
SWIFT SYBKDK22
Sydbank A/S
CVR No DK 12626509, Aabenraa
Date
8 March 2007 Contact: Mogens Asmund, tel +45 74 36 20 50
Dear Sirs
Annual General Meeting of Sydbank A/S and election to the Bank's Board of
Directors
Today, Sydbank's AGM held at Soenderjyllandshallen in Aabenraa adopted the 2006
finan-cial review and annual report, including the Board of Directors' proposal
for the allocation of profit. A dividend of DKK 3 per share will be
distributed.
Chairman of the Board of Directors, Mr Kresten Philipsen, presented the
directors' report to the AGM and stated that Sydbank's performance in 2006 was
the best ever. With a pre-tax re-turn on shareholders' equity of 36.2%
Sydbank's financial results are extremely satisfactory, also in relative terms.
The chairman also stated that the 2006 result triggers - for the seventh
consecutive year - an offer to the Bank's employees of employee shares. Costs
in this connec-tion total approx DKK 16m.
At the AGM 4 new members were elected and 13 members were re-elected to the
Sharehold-ers' Committee, which now counts 63 members.
Sydbank's Board of Directors
At the Shareholders' Meeting immediately following the AGM, Peter Gæmelke,
Vejen, was elected new member of the Board of Directors. The new board member
will replace the de-ceased Jørgen Rud Juul Jørgensen.
Yours faithfully
Mogens Asmund
Group Executive Vice President
