DNB BANK ASA – status of share buy-back programme after week 10 2023
On 9 February 2023, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 0.5 percent of the company’s own shares, which represents a total of 7,751,800 shares.
Up to 5,116,200 shares will be bought back on trading venues by 10 March 2023, and a proposal will be made at this year’s Annual General Meeting, which will be held on 25 April 2023, to cancel the shares. At the same meeting it will also be proposed to redeem the remaining shares – up to 2,635,600 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged.
During week 10 of 2023, DNB purchased 1,145,589 own shares at an average price of NOK 204.7298 per share. Following this, DNB owns a total of 5,116,200 own shares, corresponding to 0.33 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the buy-back programme:
| Date: | Number of shares | Average price (NOK) | Total transaction value (NOK) |
| 06.03.2023 | 235,000 | 208.5891 | 49,018,438.5 |
| 07.03.2023 | 235,000 | 205.8263 | 48,369,180.5 |
| 08.03.2023 | 234,589 | 204.9054 | 48,068,552.9 |
| 09.03.2023 | 235,000 | 205.3784 | 48,263,924.0 |
| 10.03.2023 | 206,000 | 198.9497 | 40,983,638.2 |
| Previously announced buy-backs under the programme | 3,970,611 | 199.9254 | 793,826,149.5 |
| Total buy-backs made under the programme | 5,116,200 | 201.0339 | 1,028,529,883.5 |
For more information about the buy-back programme, please see the stock exchange announcement that was published on 9 February 2023, which is available at www.newsweb.oslobors.no.
For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.
This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
Attachments: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.