DNB Bank ASA has decided to initiate a new share buy-back programme comprising
up to 1.0 percent of the company's own shares, which represents a total of
14,776,048 shares. The buy-back programme was adopted based on an authorisation
given by the Annual General Meeting held on 29 April 2025. The Financial
Supervisory Authority of Norway has approved the buy-back programme, on the
condition that the total buy-backs do not reduce the company's own funds by more
than NOK 4,433 million.
The purpose of the buy-back programme is to optimise the company's capital
structure, by reducing the common equity tier 1 (CET1) ratio by slightly less
than 0.4 percentage points.
Up to 0.66 percent of the company's own shares, which equals 9,752,192 shares,
will be bought back on trading venues, at a price of between NOK 10 and NOK 330
per share. The buy-backs will, at the latest, end on 20 February 2026. DNB
Carnegie will manage the buy-backs on behalf of the company, and will decide the
timing of the purchases independently of the company. The shares that are
purchased will be proposed cancelled at the next Annual General Meeting.
The remaining 0.34 percent of the shares - up to 5,023,856 shares - will at the
same Annual General Meeting be proposed redeemed 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. NFD's shares will be
redeemed at a price equal to the average price of the shares bought back on
trading venues, with the addition of an interest compensation.
The buy-back programme will be carried out in accordance with the Market Abuse
Regulation and the regulation regarding buy-back programmes and stabilisation
measures.
The company currently owns 9,752,192 own shares, which were repurchased earlier
this year.
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.