Oct 27 (Reuters) – Sydbank A/S: * REG-SYDBANK, ARBEJDERNES LANDSBANK AND VESTJYSK BANK ENTER INTO MERGER AGREEMENT * BOARDS OF SYDBANK, ARBEJDERNES LANDSBANK AND VESTJYSK BANK UNANIMOUSLY RECOMMEND SHAREHOLDERS TO VOTE IN FAVOUR OF MERGER * AL SYDBANK WILL BE AMONG DENMARK'S FIVE LARGEST BANKS WITH TOTAL LENDING OF DKK 137 BILLION * EXPECTED ANNUAL COST SYNERGIES OF DKK 1.2 BILLION * ARBEJDERNES LANDSBANK SHAREHOLDERS TO RECEIVE SHARES IN AL SYDBANK AT 62.47:1 EXCHANGE RATIO * 62.47 SHARES WITH A NOMINAL VALUE OF DKK 1 WILL BE EXCHANGED FOR 1 SHARE WITH A NOMINAL VALUE OF DKK 10 * VESTJYSK BANK SHAREHOLDERS TO RECEIVE 100.52:1 EXCHANGE RATIO * SHAREHOLDERS IN VESTJYSK BANK WILL ALSO RECEIVE CASH CONSIDERATION OF DKK 1.78 PER SHARE * AT TIME OF MERGER, MARK LUSCOMBE WILL BE CEO OF AL SYDBANK * POST MERGER, OWNERSHIP STRUCTURE OF AL SYDBANK TO BE 57.15% HELD BY SYDBANK'S SHAREHOLDERS * POST MERGER, OWNERSHIP STRUCTURE OF AL SYDBANK TO BE 39.00% BY ARBEJDERNES LANDSBANK SHAREHOLDERS, 3.85 % BY VESTJYSK BANK'S MINORITY SHAREHOLDERS Source text: Further company coverage: (Gdansk Newsroom)
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