Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 May 2025 - Nykredit Realkredit A/S

Core Viewpoint - Nykredit has extended the offer period for its voluntary public tender offer for Spar Nord Bank A/S until May 20, 2025, with the offer price increased to DKK 210.50 per share, valuing Spar Nord Bank at DKK 24.7 billion [2][5]. Group 1: Offer Details - The initial offer was announced on December 10, 2024, with a cash price of DKK 210 per share [2]. - The offer period was initially set to expire on February 19, 2025, and has been extended multiple times, most recently to April 24, 2025 [3][4]. - The current extension means the offer will now expire on May 20, 2025, at 23:59 (CEST) [5]. Group 2: Regulatory Approval - Nykredit has received notification from the Danish Competition and Consumer Authority that its merger notification is complete as of March 31, 2025, and is awaiting a decision [6]. - The extension aims to allow Nykredit time to obtain the necessary regulatory approval to complete the offer [7]. Group 3: Shareholder Acceptance - As of the last report, Nykredit holds 32.79% of Spar Nord Bank shares, with acceptances corresponding to over 46% of the share capital submitted, indicating that the acceptance limit of 67% has been reached [8][9]. - The expected completion of the offer and settlement of the offer price to shareholders is now anticipated to occur on May 28, 2025, assuming no further extensions [8]. Group 4: Future Plans - Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of remaining shareholders, contingent on obtaining the necessary ownership interest [11].