CEO Anders Dam comments on Jyske Banks new share issue

November 02, 2009

Yesterday, Jyske Bank announced that it wishes to strengthen its capital base through a share issue which may bring the bank up to DKK 1.2bn.

The share issue is guaranteed and with pre-emptive rights for existing shareholders. Due to the share issue Jyske Bank may say ’no’ to Bank Package II and reduce annual interest expenses by DKK 175m-200m.