GJEB - Increase of share capital
Reference is made to announcements on 7 September 2016, 26 October 2016, 9 January 2017 and 17 February 2017 regarding the merger between Gjensidige Bank ASA and Gjensidige Investeringsrådgivning AS.
The Board of Gjensidige Bank ASA has today, 8 March 2017, proposed to the General Meeting to increase equity by NOK 21 454 276 through a private placement with the parent company Gjensidige Bank Holding AS. Of the NOK 21 454 276 capital issue, NOK 876 000 would be share capital and NOK 20 578 276 would be allocated to premium reserves. The increase of share capital will immediately after the subscription be set off against a merger receivable from Gjensidige Bank ASA of NOK 21 454 276.
If the proposed capital issue is adopted by the General Meeting, article 3 in the Articles of Association will, as a consequence, be changed to:
"The Company's share capital is NOK 977 616 000 divided into 876 000 shares, each with par value NOK 1,116. The shares shall be registered in a securities register."
The General Meeting will consider the proposal on 27 March 2017.
The merger plan is available on www.gjensidige.no/ir.
For further information please contact:
Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739
Tor Egil Nedrebø, Head of Treasury, Gjensidige Bank ASA, Tel: +47 40 62 53 67
This information is subject to disclosure under Oslo Stock Exchange's ABM rules.