Vestjysk Bank A/S
Charges of price manipulation during the period 22 to 30 September 2008

Vestjysk Bank A/S 

09.07.2013 17:33

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The Danish Financial Supervisory Authority
NASDAQ OMX Copenhagen
Oslo Børs


9 July 2013


Charges of price manipulation during the period 22 to 30 September 2008

Vestjysk Bank has today received charges of price manipulation of a particular
serious nature from the Public Prosecutor for Serious Economic and
International Crime (SØIK), with the following text (translated): 

'during the period just prior to 22 September 2008 up until and including 30
September 2008, as a legal entity represented by former CEO Frank Alex
Kristensen 

  -- as a legal person to be responsible for setting up an agreement just prior
     to 22 September 2008 between Vestjysk Bank and Sparekassen Himmerland A/S
     regarding mutual acquisition of shares, where it was agreed in more detail
     that part of Vestjysk Bank A/S' purchase of Sparekassen Himmerland's shares
     should be done by way of Vestjysk Bank A/S consecutively sending purchase
     orders to NASDAQ OMX at a price of 590, falling to 570 in order to ensure
     that the share did not fall below this price. The agreement was executed by
     the bank in the period from 22 September 2008 to 30 September 2008 by
     placing purchase orders on NASDAQ OMX at a price of 590, falling to 570 and
     thereby buying 2,080 shares at a total value of DKK 1,121,865, which meant
     that the price of Sparekassen Himmerland's shares in the specified period
     was kept artificially high at the level agreed upon between Vestjysk Bank
     A/S and Sparekassen Himmerland A/S.'

Vestjysk Bank cooperates fully with SØIK, who today have conducted
investigations in Vestjysk Bank A/S, Torvet 4, 7620 Lemvig, and any required
material has and will be made available by Vestjysk Bank A/S. As long as the
investigation is on-going, the bank's current management will not comment on
the charges. 



Vestjysk Bank A/S

Vagn Thorsager
CEO

vth@vestjyskbank.dk

Vestjysk Bank A/S
Torvet 4-5
DK-7620 Lemvig
Denmark
Phone +45 96 63 20 00

CVR no. 34631328
www.vestjyskbank.dk
News Source: NASDAQ OMX



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Language:     English
Company:      Vestjysk Bank A/S
              
               
              Norway
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         NO0010331499
WKN:          
 
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