29-Nov-2017 / 10:33 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
The annual general meeting in February 2017 authorised the bank’s board of directors to buy shares for up to DKK 170 million, for cancellation at a future general meeting.
The bank has now completed its buy-back of shares under the programme, and shares were reserved as follows on 29 November 2017:
Number of shares
Average purchase price in DKK
Transaction value in DKK 1,000
Reserved on 14 March 2017
160,000
298.232
47,717
Reserved on 7 June 2017
135,000
320.035
43,205
Reserved on 13 September 2017
125,000
333.850
41,731
Reserved on 29 November 2017
118,000
315.512
37,230
Total reserved on 29 November 2017
538,000
169,883
The share buy-back programme has thus been fully utilised, and a recommendation will therefore be submitted to the bank’s ordinary general meeting in February 2018 to cancel 538,000 shares, thus reducing the number of shares from 22,350,000 to 21,812,000 through the implementation of a capital reduction.
Yours sincerely,
Ringkjøbing Landbobank
John Fisker Jørn Nielsen
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Ringkjoebing Landbobank A/S (the Bank) is a Denmark-based regional bank. It is engaged in the provision of banking services for both private and corporate customers, including households, as well as small and medium-sized enterprises (SME) throughout Denmark. The Bank offers such services, as loans, mortgages, pension funds, private banking, investing, insurance, foreign exchange and services targeted towards young clients, among others. Additionally, the Bank operates an online banking facility, NetBank. The Bank also provides investment opportunities, primarily within the wind turbine sector. It is operational through its head office and 11 branches located in the Jutland region in Denmark.