Aabenraa, Denmark, 2012-03-15 17:27 CET (GLOBE NEWSWIRE) --
Today, Sydbank’s AGM gathered in Sønderjyllandshallen in Aabenraa and adopted the Directors’ Report, the Annual Report and the recommendation for the allocation of profit. As a result dividend will not be distributed.
Chairman of the Board of Directors, Anders Thoustrup, General Manager, presented the Directors’ Report to the AGM and characterised profit before tax of DKK 301m for 2011 as unsatisfactory.
At the AGM seven new members were elected and five members were re-elected to the Shareholders’ Committee, which now counts 65 members.
KPMG Statsautoriseret Revisionspartnerselskab was re-appointed auditor.
The AGM renewed the authority to allow the Board of Directors to acquire own shares.
