Gjensidige Forsikring ASA has sold 10,000,000 shares in SpareBank 1 SR-Bank ASA
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF ANY SECURITIES OF SPAREBANK 1 SR-BANK ASA
Reference is made to the stock exchange notice published by Gjensidige Forsikring ASA ("Gjensidige") on 18 January 2017 regarding the potential sale of up to 10,000,000 shares in SpareBank 1 SR-Bank ("SB1 SR-Bank").
Gjensidige has sold 10,000,000 shares in SB1 SR-Bank, representing 3.9 per cent of the share capital by way of an accelerated bookbuilding process. The offer was significantly oversubscribed. The shares were sold at a price of NOK 61.00 per share.
Following the sale, Gjensidige holds 2,308,416 shares in SB1 SR-Bank equal to 0.9 per cent of the share capital. The remaining position will be managed as a pure financial investment in Gjensidige’s investment portfolio.
Arctic Securities and Pareto Securities acted as bookrunners on the transaction.
This information is subject to the disclosure requirements pursuant to sections 4-3 and 5-12 of the Norwegian Securities Trading Act.
Contact persons Gjensidige Forsikring ASA:
Head of Investor Relations: Janne Flessum, Tel: +47 915 14 739
Head of Media Relations: Øystein Thoresen, Tel: +47 952 33 382