DNB Bank ASA’s share buy-back programme has been completed

DNB Bank ASA (“DNB”) has completed the share buy-back programme announced on 22 December 2023.

A total of 7,635,935 shares, which equals 0.495 percent of the shares in the company, were purchased on trading venues, for a total consideration of approximately NOK 1.603 billion. The average price paid per share was NOK 209.99. Following this, DNB owns a total of 33,054,725 own shares, which equals 2.143 percent of the shares in the company. A proposal will be made at the Annual General Meeting in 2024 to cancel all these shares.

At the same meeting it will also be proposed to redeem 17,028,192 shares, which equals 1.104 percent of the shares in the company, from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”). The purpose of this is to ensure that NFD’s ownership interest of 34 percent remains unchanged. NFD will receive a total consideration of approximately NOK 3.576 billion and an interest compensation.

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.