DNB ASA – Share buy-back status after week 24
During week 24 2018, DNB ASA has purchased 1 578 000 own shares at an average price of NOK 157.60 per share. After this, DNB ASA owns a total of 2 574 000 own shares,in addition to the shares that will be deleted upon completion of the capital reduction resolved in connection with the share buy-back carried out prior to the annual general meeting in 2018.
The repurchase of shares is part of the share buy-back programme announced by DNB ASA on 6 June 2018. The buy-back programme comprises up to approximately 24.1 million shares, of which up to approximately 15.9 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 2019, 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 notification made on 6 June 2018 (available from www.newsweb.
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.