DGAP-Regulatory: Annual General Meeting of Sydbank A/S

17 Mar 2016 16:05

Sydbank A/S / Result of AGMAnnual General Meeting of Sydbank A/S 17-March-2016 / 17:05 CET/CESTDissemination of a Regulatory Announcement, transmitted by EQS Group AG.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Aabenraa, Denmark, 2016-03-17 17:05 CET (GLOBE NEWSWIRE) --Today, Sydbank's AGM gathered in Soenderjyllandshallen in Aabenraa and adoptedthe Directors' Report, the Annual Report and the recommendation for theallocation of profit. Sydbank will distribute 70% of the profit, equal to adividend 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 showa 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 planwhich 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 theShareholders' 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 viewthe associated documents https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=552167 News Source: NASDAQ OMX --------------------------------------------------------------------------- 17-March-2016 The EQS Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap.de/ukreg --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 446639 17-March-2016

UK-Regulatory-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.