DNB Bank ASA – status of share buy-back programme after week 5 2024
On 22 December 2023, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 0.75 percent of the company’s own shares, which represents a total of 11 569 599 shares.
Up to 7 635 935 shares will be purchased on trading venues by 8 March 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 3 933 664 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.
The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 2.5 billion.
During week 5 of 2024, DNB purchased 920,000 own shares at an average price of NOK 208.2145 per share. Following this, DNB has purchased a total of 4,435,935 own shares under the current buy-back programme, corresponding to 0.29 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) |
|---|---|---|---|
| 29/01 | 190,000 | 212.5156 | 40,377,964.00 |
| 30/01 | 160,000 | 210.9335 | 33,749,360.00 |
| 31/01 | 220,000 | 205.2706 | 45,159,532.00 |
| 01/02 | 182,300 | 205.9521 | 37,545,067.83 |
| 02/02 | 167,700 | 207.0688 | 34,725,437.76 |
| Previously announced buy-backs under the programme | 3,515,935 | 214.1518 | 752,943,826.70 |
| Total buy-backs made under the programme | 4,435,935 | 212.9204 | 944,501,188.29 |
Please see the stock exchange announcement published on 22 December 2023, which is available at www.newsweb.oslobors.no, for more information about the buy-back programme.
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.
Attachment: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.