SpareBank 1 Nord-Norge (NONG): Extraordinary dividend from SpareBank 1 Gruppen AS paid
Reference is made to the establishment of Fremtind Forsikring AS on 01/01/2018 as the result of the merger of SpareBank 1 Skadeforsikring AS and DNB Forsikring AS. The notice to the stock exchange issued on 21/12/2018 stated what the financial impact of the merger would be for SpareBank 1 Gruppen AS and its owners in SpareBank 1 Gruppen. The transaction agreement assumed a conversion ratio of 80% for SpareBank 1 Gruppen AS and 20% for DNB ASA. This conversion ratio was based on a negotiated market value for the two non-life insurance companies, inclusive of the value of the personal risk