DNB – Acquisition of shares by primary insiders
Today, 29 April 2016, a total of 277,876 shares in DNB ASA were acquired on behalf of certain leading employees and risk takers. The purchase was executed collectively at an average price per share of NOK 104.1498.
The shares were acquired in accordance with the regulation on remuneration in financial institutions etc., which states that at least half of annual variable remuneration shall be awarded as shares and be subject to certain lock-up mechanisms.
The employees have been given a compensation for decreased share value resulting from the lock-up at approximately 6.2%.
A list of primary insiders of DNB ASA that have increased their shareholding is attached.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.