Storebrand ASA: SPP Pension & Försäkring AB (publ) (SPP) appeal rejected by Swedish court
Kammarrätten (Swedish court) have today decided to reject Storebrand's subsidiary SPP appeal of the Administrative Court of Stockholm judgement from 9. December 2015. The judgement from 2015 was in respect of an appeal lodged by SPP against a decision issued by the Swedish Financial Supervisory Authority (FI) on 5 December 2014, in which FI refused permission to include the subordinated loan (ISIN SE0005731882) in the capital base.
The loan is today not included in the capital base and todays judgement does consequently not affect the solvency ratio under today's Solvency regulations.
The Storebrand Group will analyse the judgement before deciding whether or not to lodge an appeal.
Lysaker 18 November 2016,
Contacts:
Head of Investor Relations Kjetil R. Krøkje
Telephone +47 934 12 155
Vice President Capital Management Lars Kramer
Telephone +47 900 68 287
lars.kramer@storebrand.no