Gjensidige Bank ASA: Increased share capital
The general assembly of Gjensidige Bank ASA resolved at 24 May 2013 to increase the share capital from NOK 876,000,000 by NOK 87,600,000 to NOK 963,600,000. The increase was carried out as a private placing towards the parent company Gjensidige Bank Holding AS, which paid a consideration of NOK 303.65 per share, totalling NOK 266,000,028. The excess proceeds of NOK 178,400,028 have been transferred to the share premium account. The share capital increase is a direct result of growth and altered regulatory capital requirements.