DNB ASA - Share buy-back programme finalized

DNB ASA has finalized its share buy-back programme announced on 6 June 2018. A total of 15.9 million shares were repurchased in the open market, whereas a total of 8.2 million shares will be redeemed from the state of Norway, subject to approval from DNB ASA’s annual general meeting in 2019, 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 15.9 million shares is NOK 160.17.

After this, DNB ASA owns a total of 15 883 232 own shares.

The 24 065 503 shares comprised by the share buy-back programme will be cancelled subject to approval by the annual general meeting in 2019, whereby the total number of DNB ASA’s registered shares will be reduced by 1.50% from today's 1 604 366 888.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 6 June 2018 (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

Jan Ole Huseby, Senior Advisor Investor Relations, tlf. +47 23 26 84 08 / +47 958 61 003 

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act. 

About Us

DNB is Norway's largest financial services group and offers financial products and services, including loans and deposits, mutual funds and asset management, life insurance and pension savings, payment and financing services, real estate broking and services related to the money and capital markets.