On 10 November 2014, Spar Nord Bank A/S (”Spar Nord”) published Company Announcement No. 21, announcing that Spar Nord had decided to make a conditional, voluntary public tender offer for the shares of A/S Nørresundby Bank (”Nørresundby Bank”), with the shareholders of Nørresundby Bank being offered two Spar Nord shares and a cash amount of DKK 309 for each share they hold in Nørresundby Bank (the “Offer”).
The Offer corresponds to a premium of 64% (1) compared with the closing market price on 9 October 2014 immediately before Nørresundby Bank announced its plans to merge with Nordjyske Bank A/S.
In accordance with section 4 of Executive Order No. 562 of 2 June 2014 regarding takeover bids, etc., Spar Nord has today published an offering document with a more specific description of the terms and conditions of the Offer.
The offering document is downloadable from www.sparnord.dk.
SKAT (the Danish Customs & Excise) has granted permission for a tax-free exchange of shares for any Nørresundby Bank shareholders who might accept the Offer, as more specifically described in the offering document.
Sincerely yours,
Spar Nord Bank A/S
Ole Madsen
Senior Vice President
Communication & IR
1) Based on the closing price (DKK 58.5) for the Spar Nord share on 5 December 2014
