0GGK Vestjysk Bank A/s

 
TIDMVJBA 
 
   The Danish Financial Supervisory Authority 
 
   Nasdaq Copenhagen A/S 
 
 
 
 
 
   30 August 2019 
 
 
 
 
 
   Vestjysk Bank A/S to repay subordinated debt (Tier 1) 
 
   The Danish FSA has approved Vestjysk Bank A/S' early repayment of 
additional tier 1 capital in the amount of DKK 75 million after the 
Bank's receipt of proceeds from the sale of its ownership interest in 
Sparinvest Holdings SE as detailed in the company announcement dated 14 
August 2019. 
 
   The additional tier 1 capital was issued on 1 September 2014 with an 
indefinite term to maturity, with a possibility of repayment five years 
after the date of issue. 
 
   Repayment will take place at par value together with interest accrued 
but not yet paid at the date of repayment with 30 September 2019 as the 
value date. 
 
   Combined, this repayment and the proceeds from the sale of Vestjysk 
Bank's shares in Sparinvest Holdings SE together with the conversion of 
tier 2 capital announced in the company announcement dated 23 August 
2019 will increase the Bank's total capital by approx. 0.7 of a 
percentage point and reduce annual interest payments by some DKK 10 
million. 
 
   Please direct any questions regarding this announcement to the 
undersigned at tel. (+45) 96 63 21 04. 
 
   Vestjysk Bank A/S 
 
   Jan Ulsø Madsen 
 
   CEO 
 
   Vestjysk Bank A/S 
 
   Torvet 4-5 
 
   DK-7620 Lemvig 
 
   Denmark 
 
   Tel. (+45) 96 63 20 00 
 
   CVR no. 34631328 
 
   www.vestjyskbank.dk 
 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

August 30, 2019 05:39 ET (09:39 GMT)

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