DNB ASA - Share buy-back programme finalised

DNB ASA has finalised its share buy-back programme announced on 1 February 2018. A total of 5.4 million shares have been repurchased in the open market, whereas a total of 2.7 million shares held by the Norwegian government will be redeemed, subject to approval by DNB ASA’s Annual General Meeting in 2018, so that its ownership interest in DNB ASA of 34.0 per cent will remain unaffected following the completion of the buy-back programme. The weighted average purchase/redemption price for the 5.4 million shares is NOK 155.68

This is the third share buy-back programme that DNB has finalised since the Annual General Meeting in 2017. The three programmes, including the shares held by the Norwegian government, represent a total of 24 431 973 shares. 16 125 102 of the shares have been bought in the open market.

The shares comprised by the share buy-back programme will be cancelled subject to approval by the Annual General Meeting in 2018. Together with the 16 287 982 shares comprised by the two share buy-back programmes completed on 14 August 2017 and 8 December respectively, the total number of DNB ASA’s registered shares will be reduced by 1.5 per cent from today's 1 628 798 861.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 1 February 2018 (available from www.newsweb.no).

For further information, please contact:

Investor contacts:
Rune Helland, head of Investor Relations, tel. ( 47) 23 26 84 00 / ( 47) 977 13 250
Amra Koluder, SVP Investor Relations, tel. ( 47) 23 26 84 08 / ( 47) 977 35 378
Thor Tellefsen, head of Long-term Funding, tel. ( 47) 24 16 91 22 / ( 47) 915 44 385

Media contacts:
Thomas Midteide, head of Corporate Communications, tel. ( 47) 962 32 017
Even Westerveld, EVP Corporate Communications, tel. ( 47) 400 16 744

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. 

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DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.