Vestjysk Bank is contemplating completing a rights issue. The bank is expecting rights issue proceeds in the amount of approx. DKK 745m. Therefore, the bank has published a prospectus.
Before the prospectus was published, a group of existing shareholders, which is identical to the group of investors that made a voluntary, public offer for all shares in Vestjysk Bank on 19 June 2017, subscribed for shares for an amount of approx. DKK 607m, equal to approx. 81.5% of the shares offered in the rights issue.
In addition, an underwriting consortium consisting of AP Pension Livsforsikringsaktieselskab, Aktieselskabet Arbejdernes Landsbank, C.L. Davids Fond og Samling, ISP Pension and Nykredit Bank A/S has committed itself to subscribing for the remaining shares, equal to approx. DKK 138m, subject to certain conditions.
Accura has advised the group of investors and the underwriters in relation to the transaction, including as the attorney verifying the prospectus.