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SILKEBORG, Denmark - Jyske Bank A/S will hold an extraordinary general meeting on April 20, 2026, to finalize amendments to its articles of association that require additional approval, according to a press release statement.
The bank plans to reduce its nominal share capital by DKK 33,095,280 from DKK 615,069,770 to DKK 581,974,490 through the cancellation of 3,309,528 previously acquired treasury shares at a nominal value of DKK 10 each. The shares were repurchased at a total cost of DKK 2,249,990,700, representing an average price of 679.85 per share.
The capital reduction will decrease Jyske Bank’s total share count to 58,197,449 shares. Apart from the nominal capital reduction, DKK 2,216,895,420 has been paid to shareholders in connection with the buybacks.
The motions were initially adopted at the annual general meeting held on March 17, 2026. Danish law requires a second vote at an extraordinary meeting when less than 90% of share capital is represented at the initial meeting. The amendments require approval by three-fourths of votes cast and three-fourths of voting share capital represented at the meeting.
The agenda also includes a proposal to prepare and publish annual reports in English, with the supervisory board retaining discretion to prepare Danish versions.
The meeting will take place at 3:00 p.m. at the bank’s Silkeborg headquarters. Shareholders may vote by proxy or postal ballot from March 25 through April 17, 2026. Registration for attendance is required by April 16, 2026.
Jyske Bank’s share capital comprises shares with a face value of DKK 10, with each DKK 10 carrying one vote, subject to a maximum of 4,000 votes per shareholder.
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