Sydbank — AGM Information 2016

Mar 17, 2016

News Details

UK Regulatory | 17 March 2016 17:05

Annual General Meeting of Sydbank A/S

Sydbank A/S / Result of AGM

17-March-2016 / 17:05 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Aabenraa, Denmark, 2016-03-17 17:05 CET (GLOBE NEWSWIRE) --
Today, Sydbank's AGM gathered in Soenderjyllandshallen in Aabenraa and adopted
the Directors' Report, the Annual Report and the recommendation for the
allocation of profit. Sydbank will distribute 70% of the profit, equal to a
dividend of DKK 11.12 per share.

Chairman of the Board of Directors Torben Nielsen presented the Directors'
Report and expressed satisfaction with the 2015 financial statements which show
a profit of DKK 1,148m and a return on shareholders' equity of 10.1% after tax.
Moreover Torben Nielsen emphasized the effects of the Bank's profitability plan
which has contributed to increasing profitability within the Bank.

The following proposals to amend the Articles of Association were adopted:

-- The Bank's share capital was reduced by DKK 20,098,000. Consequently the
Bank's share capital represents DKK 722,401,990 divided into shares in
denominations of DKK 10.
-- The
Board of Directors was authorised to effect a share capital increase with
or without pre-emption rights and by up to 10% of the share capital. The
authorisation is given for five years.
-- In future general meetings of Sydbank shall be convened via the Bank's
website only.
-- The voting ceiling of 5,000 votes was raised to 20,000 votes.

At the AGM three new members were elected and 17 members were re-elected to the
Shareholders' Committee, which now counts 66 members.

Ernst & Young, Godkendt Revisionspartnerselskab was re-appointed auditor.

Click on, or paste the following link into your web browser, to view
the associated documents

https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=552167

News Source: NASDAQ OMX

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17-March-2016 The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap.de/ukreg

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 Language:           English                         
 Company:            Sydbank A/S


                     Dänemark                       
 ISIN:               DK0010311471                    
 Category Code:      RAG                             
 TIDM:               0G6U                            
 Sequence Number:    3057                            
 Time of Receipt:    17-March-2016 / 17:05 CET/CEST


 End of Announcement    EQS News Service