Completion of capital increase of 6,479,999 new shares in Jyske Bank through a private placement at market price


Silkeborg, 2012-03-01 07:59 CET (GLOBE NEWSWIRE) -- Not for release, publication or distribution, directly or indirectly, in or into Canada, Australia or Japan

 

Not for release, publication or distribution, directly or indirectly, in or into Canada, Australia Japan or in any jurisdiction in which such transmission or distribution is unlawful. Not for release, publication or distribution, directly or indirectly, in or into the United States except to qualified institutional buyers as defined under Rule 144A of the U.S. Securities Act of 1933, as amended (the ”Securities Act”). Any failure to comply with this restriction may constitute a violation of U.S., Canadian, Australian or Japanese securities laws or the securities laws of other states as the case may be. This announcement does not constitute or form part of an offer to sell or a solicitation of an offer to buy securities of the Company in any jurisdiction. The securities described in this announcement have not been and will not be registered under the Securities Act or the securities laws of any state of the United States or other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration. The issuer of the Securities has not registered, and does not intend to register, any portion of the offering in the United States and does not intend to conduct a public offering of the Securities in the United States.

 

Completion of capital increase of 6,479,999 new shares in Jyske Bank  through a private placement at market price

 

The private placement of 6,479,999 new shares (the “Offering”) with a nominal value of DKK 10 each in Jyske Bank A/S (“Jyske Bank”) has been successfully completed via an accelerated bookbuilding process.

 

Reference is made to company announcement no. 05 of 29 February 2012.

 

The offer price is DKK 180 for each share with a nominal value of DKK 10, resulting in gross proceeds for Jyske Bank of DKK 1,166 million.

 

The Offering was made to institutional investors in Denmark, internationally and in the United States under Rule 144A of the U.S. Securities Act. Shares were allocated on an individual basis.

 

The new shares to be issued in connection with the Offering represent approximately 9.99% of Jyske Bank's registered share capital before the capital increase and will represent approximately 9.09% of Jyske Bank's registered share capital upon completion of the capital increase.

 

Following the capital increase, Jyske Bank will have a nominal share capital of DKK 712,799,990 divided into 71,279,999 shares with a nominal value of DKK 10 each.

 

Expected timetable for the capital increase

 

Expected date of admission to trading and official listing of new shares in the temporary ISIN code
 
2 March 2012
Expected date of payment against delivery 6 March 2012
Expected date of registration of the capital increase with the Danish Business Authority
 
6 March 2012
Expected date of admission to trading of new shares in the existing ISIN code 7 March 2012

 

The new shares will be issued using a temporary ISIN code: DK0060421634. NASDAQ OMX Copenhagen A/S has confirmed that the temporary ISIN code will be admitted to trading and official listing.

 

NASDAQ OMX Copenhagen A/S has furthermore confirmed that by merger of the temporary ISIN code and the existing ISIN code, DK0010307958, the new shares will be admitted to trading and official listing in the existing ISIN code following registration of the share capital increase with the Danish Business Authority.

 

Joint Global Coordinators and Joint Bookrunners

Handelsbanken Capital Markets (business unit of Svenska Handelsbanken AB (Publ.)) and J.P. Morgan Securities Ltd. acted as Joint Global Coordinators and Joint Bookrunners in the Offering.

 

Other information

Jyske Bank's company registration (CVR) no. is 17616617.

 

Jyske Bank's financial year runs from 1 January to 31 December.

 

 

Yours sincerely

 

Jyske Bank A/S

 

Sven Buhrkall                    Anders Dam

Chairman                           Managing Director and CEO

 

 

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue, or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering document or prospectus has been or will be submitted to be approved by any regulatory authority in relation to the offering.

This document is an announcement and is not a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any applicable implementing measures in the relevant home Member State under such Directive, the “Prospectus Directive”).

 

In any EEA Member State that has implemented the Prospective Directive this communication is only addressed to and is only directed at qualified investors in that member state within the meaning of the Prospectus Directive.

 

Notice to UK residents

This announcement is only directed at (a) persons who are outside the United Kingdom; or (b) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (c) persons falling within Article 49(2)(a) to (d) of the Order; or (d) persons to whom any invitation or inducement to engage in investment activity can be communicated in circumstances where Section 21(1) of the Financial Services and Markets Act 2000 does not apply.

 

 

 

 


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