Denmark - Warning against selling new Amagerbanken shares

[Lasse U. Larsen]

The Danish FSA is warning investors against selling new Amagerbanken shares which have yet to be allotted after the expiry of the bank’s subscription period. The reason for the warning is that investors risk breaching the ban on short-selling Danish bank shares.

”Investors should be aware that the new shares have not yet been allotted and as long as allotment has not taken place, investors cannot actually know whether they have the shares at their disposal,” said Hanne Råe Larsen from the Danish FSA Securities Division.

The Danish FSA today became aware of offers to trade in the new Amagerbanken shares, even though they have not yet been allotted after the end of the subscription period.

Announcement of actual date of allotment is expected early next week..
(week 37 according to ISO 8601)

[Christian Ransby]

Who would buy them anyway ?! ;-D