DNB ASA - Share buy-back status after week 10

Report this content

During week 10 2020, DNB ASA has purchased 2 412 000 own shares at an average price of NOK 154.62 per share. After this, DNB ASA owns a total of 17 832 000 own shares.

The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 24 October 2019, as subsequently amended by an announcement on 20 November, 12 December 2019 and 6 February 2020. The share buy-back programme comprises up to approximately 31.6 million shares, of which up to approximately 20.9 million shares may be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA’s annual general meeting in 2020, so that its current ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notifications made on 24 October, 20 November, 12 December 2019 and 6 February 2020 (available from www.newsweb.no).

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

For further information, please contact:
Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250