Lokalbanken's company announcement no. 22/2008 9 October 2008
Report on the extraordinary general meeting of Lokalbanken i Nordsjælland a/s
held on Thursday, 9 October 2008 at FrederiksborgCentret in Hillerød
A large majority of the shareholders voted to adopt the amendments unanimously
proposed by the Supervisory Board and the Board of Representatives, namely:
to repeal the voting right restriction set out in article 3(a), according to
which the transfer of shares to an acquirer holding or thereby obtaining 10% or
more of the bank's share capital is subject to the bank's consent;
to delete the references to the voting right restriction in article 3(a)
appearing from articles 2(4), 2(6) and 3(4); and
to repeal articles 7(3) and 7(4), according to which no shareholder - regardless
of the size of such shareholder's stake - may exercise voting rights for shares
with a nominal value of more than DKK 7,500.
As also proposed, the chairman of the general meeting was authorised to make
such changes to the resolutions adopted by the shareholders in general meeting
as may be required by the Danish Financial Supervisory Authority, the Danish
Commerce and Companies Agency or the NASDAQ OMX Copenhagen to ensure approval
and registration of the amendments made to the articles of association.
Implementation of the amendments to the articles of association is subject to
the voluntary tender offer submitted by Svenska Handelsbanken AB (publ) on 15
September 2008 being completed, to the effect that the amendments will take
effect from the point in time when the tender offer has been completed and
Lokalbanken's register of shareholders has been updated to reflect the
completion of the tender offer.
Lokalbanken's Chairman, Erik Uttenthal, said:
“We are very pleased about the large turnout today and about the broad consensus
to amend the articles of association, which is a prerequisite for the intended
joining of forces with Handelsbanken. We have yet to receive all the necessary
acceptances from shareholders wanting to accept the tender offer submitted by
Handelsbanken, but the events at this general meeting gives me confidence that
we will make it by the deadline on Monday, 13 October.”
For further information, please contact:
Erik Uttenthal, Chairman - tel. +45 2029 1514
Bruno Riis-Nielsen, CEO - tel. +45 4840 3600
