NASDAQ OMX Copenhagen
Announcement no. 09/2009
7. april 2009
Postponement of the transfer of Fionia Bank Holding to Fionia Bank
In Announcement No 08, 31 March 2009, Fionia Bank expressed the expectation
that the transfer of all assets and liabilities from Fionia Bank Holding to new
Fionia Bank could take place 14 April 2009. This was based on the assumption
that all approvals including consent from the European Commission was given
before Easter.
It is now obvious that the transfer can not take place 14 April. A number of
formal conditions that must be fulfilled before the EU Commission can give final
approval of the transfer are still outstanding.
It is expected that all necessary documents to be submitted to the European
Commission, can be delivered before Easter.
Because of the new information, it is expected that the transfer can take place
late April 2009. Until the transfer can take place, Fionia Bank Holding
continues its activities. Financial Supervisory Authority has extended the
deadline for submission of the banking licence for Fionia Bank Holding from 15
April to 1 May 2009.
On 2 April 2009 the Danish Competition Authorities announced that they have no
comments to the framework agreement with Financial Stability and Fionia Bank.
Best regards
Executive Board
Fionia Bank A/S, CVR-nr. 1466 9000