SPAR NORD BANK A/S

SPNO
Delayed Quote. Delayed  - 01/20 10:59:38 am
95.1DKK -1.76%

Spar Nord Bank A/S made a mandatory public offer to acquire the remaining 63.33% stake in Danske Andelskassers Bank A/S for DKK 1.1 billion.

08/17/2021 | 12:00am
Spar Nord Bank A/S (CPSE:SPNO) made a mandatory public offer to acquire the remaining 63.33% stake in Danske Andelskassers Bank A/S (CPSE:DAB) for DKK 1.1 billion on August 17, 2021. The price per share in the Purchase Offer must at least correspond to the highest price per share that Spar Nord has paid per share within the last six months prior to the approval of The Offer Document. This amounts to DKK 10.35 per share. As a result of the offer Spar Nord Bank A/S intends to increase its shareholding in Danske Andelskassers Bank A/S from 36.67% to 100%. As of September 20, 2021, Board of Directors recommended shareholders to not to accept the compulsory bid. Spar Nord has received valid acceptances for 76,709 shares pursuant to the mandatory takeover offer for the shareholders of DAB on September 9, 2021. The period is subjected to run till October 11, 2021 subject to extension of offer period. The period is subjected to run till October 14, 2021.
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