08 March 2007
Copenhagen Stock Exchange Group Executive Management
London Stock Exchange Peberlyk 4
Bourse de Luxembourg PO Box 1038
Other stakeholders DK-6200 Aabenraa
Stock Exchange Announcement No 07/07 Tel +45 74 36 36 36
Fax +45 74 36 35 36
CVR No DK 12626509, Aabenraa
8 March 2007 Contact: Mogens Asmund, tel +45 74 36 20 50
Annual General Meeting of Sydbank A/S and election to the Bank's Board of
Today, Sydbank's AGM held at Soenderjyllandshallen in Aabenraa adopted the 2006
financial review and annual report, including the Board of Directors' proposal
for the allocation of profit. A dividend of DKK 3 per share will be distributed.
Chairman of the Board of Directors, Mr Kresten Philipsen, presented the
directors' report to the AGM and stated that Sydbank's performance in 2006 was
the best ever. With a pre-tax return on shareholders' equity of 36.2% Sydbank's
financial results are extremely satisfactory, also in relative terms. The
chairman also stated that the 2006 result triggers - for the seventh consecutive
year - an offer to the Bank's employees of employee shares. Costs in this
connection total approx DKK 16m.
At the AGM 4 new members were elected and 13 members were re-elected to the
Shareholders' Committee, which now counts 63 members.
Sydbank's Board of Directors
At the Shareholders' Meeting immediately following the AGM, Peter Gaemelke,
Vejen, was elected new member of the Board of Directors. The new board member
will replace the deceased Jorgen Rud Juul Jorgensen.
Group Executive Vice President
This information is provided by RNS
The company news service from the London Stock Exchange