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16 September 2021

Moalem Weitemeyer advises the Board of Danske Andelskassers Bank

Danske Andelskassers Bank publishes report for the offer from Spar Nord

The Board of Directors of Danske Andelskassers Bank has today published a report on Spar Nord’s mandatory offer to the bank’s shareholders.

The Board recommends that shareholders do not accept the offer. Danske Andelskassers Bank has a strategy that is realized as an independent bank or through equal consolidation. The strategy does not allow for a merger with Spar Nord. The strategy is widely accepted among shareholders in Danske Andelskassers Bank who represent, jointly, more votes than Spar Nord and who have communicated that the offer made by Spar Nord will not be accepted.

Moalem Weitemeyer advises the Board.