SpareBank 1 SR-BANK ASA (SRBANK); Proposing a "drop down" demerger
The Board of directors of SpareBank 1 SR-Bank proposes to transfer the fixed property, where the company has its current head office to a wholly owned subsidiary. The board of directors proposes the transfer of the property as mentioned by carrying out a "drop-down demerger". The drop-down demerger means that the property is first demerged to a subsidiary, Bjergsted Eiendom AS. Immediately thereafter Bjergsted Eiendom AS is merged with SpareBank 1 SR-Bank ASAs wholly owned subsidiary, Bjergsted Terrasse 1 AS, in a group merger. The consideration is issued by SpareBank 1 SR-Bank ASA. On