DNB ASA – Share buy-back programme ended as AGM approaches
DNB ASA has ended its share buy-back programme as we prepare for the upcoming annual general meeting. The programme was announced on 24 October 2019, and subsequently amended by an announcement on 20 November 2019, 12 December 2019 and 6 February 2020. A total of 19.8 million shares were repurchased in the open market, in addition a total of 10.2 million shares will be redeemed from the state of Norway, subject to approval from DNB ASA’s annual general meeting in 2020, so that its ownership interest in DNB ASA of 34.00 % will remain unaffected following completion of the buy-back programme. The weighted average purchase/redemption price for the 19.8 million shares is NOK 159.70.
After this, DNB ASA owns a total of 19 758 000 own shares.
The 29 936 364 shares comprised by the share buy-back programme will be cancelled subject to approval by the annual general meeting in 2020, whereby the total number of DNB ASA’s registered shares will be reduced by 1.89% from today's 1 580 301 385.
For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 20 October, 20 November, 12 December 2019 and 6 February 2020 (available from www.newsweb.no).
For further information, please contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.