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Provider: Reuters Investment Profile
Provider: Wright Reports

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Vestjysk Bank A/S Completes Conversion of Government Hybrid Core Capital

Tuesday, 22 Oct 2013 04:16am EDT 

Vestjysk Bank A/S announced that the conversion of government hybrid core capital of DKK 323,150,000 together with non-paid accrued interest of approximately DKK 15.4 million announced on September 24, 2013 and October 15, 2013 has been completed by issuance of 24,692,811 shares of nominally DKK 1 to the Danish State. As a result, the share capital of Vestjysk Bank amounts to nominally DKK 85,981,689, corresponding to 85,981,689 shares with a corresponding total of 85,981,689 voting rights. As a result of the completed conversion, the Danish State owns 65.96% of the total amount of shares and voting rights in the bank. In addition, Finansiel Stabilitet A/S, which is owned by the Danish State, own 1.50% of the bank’s total share capital and voting rights.