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

DNB Bank ASA (“DNB”) has completed the share buy-back programme announced on 17 June 2024.

A total of 9,850,699 shares, which equals 0.66 percent of the shares in the company, were purchased on trading venues, for a total consideration of NOK 2.13 billion. The average price paid per share was NOK 216.46. Following this, DNB owns a total of 9,850,699 own shares – i.e. the same number. A proposal will be made at the Annual General Meeting in 2025 to cancel all these shares.

At the same meeting it will also be proposed to redeem 5,074,602 shares, which equals 0.34 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 almost NOK 1.1 billion and an interest compensation.

Please see the stock exchange announcement published on 17 June 2024, 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.