Sydbank A/S
Insurance cover – prospectus liability as regards bankTrelleborg
Sydbank A/S 03.06.2015 15:53 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Aabenraa, Denmark, 2015-06-03 15:53 CEST (GLOBE NEWSWIRE) -- Sydbank will recover the full amount of damages paid to former minority shareholders of bankTrelleborg. In 2013 Sydbank paid damages to former minority shareholders of bankTrelleborg due to inadequacies in the prospectus of bankTrelleborg from 2007 for which Sydbank was liable as a consequence of its merger with bankTrelleborg in 2008. Also in 2013 Sydbank received partial compensation for its loss by Fonden for bankTrelleborg which had sold the shares in bankTrelleborg to Sydbank. Since then Sydbank has been conducting arbitration proceedings against AIG with whom prospectus liability insurance had been taken out as regards the prospectus of bankTrelleborg. The arbitration tribunal has decided that Sydbank will recover the remaining loss that Sydbank has incurred as a result of the prospectus proceedings. News Source: NASDAQ OMX 03.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Sydbank A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010311471 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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