This is to give notice of an Extraordinary General Meeting of Jyske Bank A/S, which will be held on Tuesday 3 July 2018, at 10.00 a.m. at Vestergade 8-16, 8600 Silkeborg, Denmark.
AGENDA
| Motions proposed by the Supervisory Board: | |
| a. | Payment of an extraordinary dividend of DKK 5.89 per share of a nominal value of DKK 10, corresponding to a total dividend amount of DKK 525m, of which DKK 25m is attributed to the company's own share holding which is recommended to be cancelled. |
| b. | Reduction of Jyske Bank's nominal share capital by DKK 42,140,000, or 4,214,000 shares of a nominal value of DKK 10, from DKK 891,590,440 to DKK 849,450,440. With reference to S.188(1) of the Danish Companies Act we point out that the capital reduction takes place through cancellation of previously acquired own shares acquired by Jyske Bank in accordance with authorisation from members in general meeting. Hence, the capital reduction is spent on payment of the capital owners. If the motion is adopted, the company's holding of own shares will be reduced by 4,214,000 shares of a nominal value of DKK 10. These shares have been bought back at a total amount of DKK 1,499,967,588 which implies that apart from the nominal capital reduction a total amount of DKK 1,457,827,588 has been paid to the capital owners in connection with the buy-backs. The capital reduction takes place at a share premium since it will be at 355.95 for each share of a nominal amount of DKK 10, corresponding to the average price at which the shares have been bought back. In consequence of the above, the following amendments to the Articles of Association are proposed: Art.2 to be amended to the effect that Jyske Bank’s nominal share capital be DKK 849,450,440 distributed on 84,945,044 shares. |
| c. | Any other business |
Reference to Jyske Bank's website for further information
Where in this notice of an extraordinary general meeting, reference is made to Jyske Bank's website for further information, this link can be used: https://investor.jyskebank.com/investorrelations/generalmeetings.
Adoption of motions - special requirements
Motions to amend the Bank’s Articles of Association at extraordinary general meetings (item b on the agenda) shall only be adopted where not less than 90 per cent of the voting share capital is represented at the extraordinary general meeting and only where adopted by both three fourth of the votes cast and by three fourth of the voting share capital represented at the general meeting, cf. Art. 12 of the Articles of Association. Where less than 90 per cent of the voting share capital is represented at the extraordinary general meeting, but the said motions obtain both three fourth of the votes cast and three fourth of the voting share capital represented at the extraordinary general meeting, the said motion may be adopted at a new extraordinary general meeting by the said qualified majority irrespective of the proportion of the share capital represented.
The size of the share capital and the voting rights of the shareholders
Jyske Bank's share capital is DKK 891,590,440, comprising shares at a face value of DKK 10. Each share amount of DKK 10 shall carry one vote, provided always that 4,000 votes are the highest number of votes any one shareholder may cast on his own behalf. Voting rights can only be exercised by shareholders or their proxies. For the voting right of a share to be exercised, the share shall be registered in the name of the holder in the Bank's register of shareholders not later than on the day of registration, which is 27 June 2018, or the title to such share shall be notified and documented to the Bank within that same time limit.
Proxy and postal vote
Shareholders may as from 11 to 29 June 2018 give voting instructions, appoint Jyske Bank's Supervisory Board or a third party as proxy either electronically or by means of the Power of Attorney form.
Shareholders may attend the General Meeting by proxy and cast their votes by proxy.
In addition, shareholders may as from 11 June to 2 July 2018 at 10.00 a.m. cast postal votes either electronically or by means of a form.
Proxies may be appointed or postal votes may be cast electronically at the Investor Portal via Jyske Bank's website. A form for the appointment of proxies or for casting postal votes is available at one of Jyske Bank's branches or can be downloaded from Jyske Bank's website. Where the form is used, please forward the completed and signed form either by post to VP Investor Services A/S, Weidekampsgade 14, DK-2300 Copenhagen S or by email to vpinvestor@vp.dk. The form must reach VP Investor Services A/S by the above-mentioned deadlines, and proxies must have been appointed or postal votes must have been cast electronically by the same deadlines.
Custodian bank
Jyske Bank’s shareholders may choose Jyske Bank A/S as their custodian bank in order to exercise their financial rights through Jyske Bank A/S.
Questions from shareholders
Shareholders may ask questions in writing about the items of the agenda or Jyske Bank’s financial position. Please send questions to Jyske Bank A/S, Juridisk Afdeling, Vestergade 8-16, DK-8600 Silkeborg or by email to Juridisk@jyskebank.dk. Questions and answers will be presented at the general meeting. At the General Meeting, the management will also answer questions from the shareholders about matters of importance for the financial situation of Jyske Bank and questions for consideration at the General Meeting.
Additional information
The following documents can be downloaded from jyskebank.dk or can be ordered from Jyske Bank’s branches from 11 June 2018:
1. Notice of Extraordinary General Meeting.
2. The total number of shares and voting rights at the date of the notice.
3. The agenda and the full wording of motions, including the proposed amendments to the Articles of Association.
4. The forms to be used when voting by proxy or by postal vote.
Admission card
Shareholders who wish to attend the General Meeting and cast their votes must acquire an admission card. Admission cards for the General Meeting can be ordered at the Investor Portal via Jyske Bank's website or from any of Jyske Bank's branches from 11 June 2018 and must be ordered by 29 June 2018 at the latest.
Jyske Bank will as was previously the case send admission cards via email. Therefore, you must register your email address at InvestorPortalen when you order your admission card. After registration, you will receive an electronic admission card which you may simply show on your smart phone or tablet when you attend the general meeting. Unless you have appointed a proxy you will receive your voting card upon presentation of your admission card. If, when you order your admission card, you do not choose to receive this via email, you will instead receive it by post.
For the sake of good order, we point out that no refreshments can be expected to be served at the Extraordinary General Meeting.
Silkeborg, 8 June 2018
The Supervisory Board
Attachment
