Reference is made to the stock exchange notice of 28 August 2024, regarding the decision by the boards of directors of Sparebanken Sør and Sparebanken Vest to adopt a plan for merging the banks (merger plan) and forming Norway’s leading savings bank, and the stock exchange notice of 10 September 2024, about the summons to an extraordinary general meeting in Sparebanken Sør on 2 October 2024.
The general mee ting of Sparebanken Sør and the general meeting of Sparebanken Vest have in meetings held on 2 October 2024 approved the merger of the banks by transferring the assets, rights and obligations of Sparebanken Sør to Sparebanken Vest and forming the new savings bank.
Reference is also made to the attached minutes from the general meeting of Sparebanken Sør where the decision was unanimously made in accordance with the summons.
The merger is conditional upon that the relevant supervisory authorities grant the required permissions for completion without imposing conditions that significantly alter the assumptions that the banks have made under the merger plan.
The aim is to complete the merger around 1 July 2024.
Sparebanken Sør has engaged Pareto Securities AS as financial advisor in connection with the merger and Advokatfirmaet Thommessen AS as legal advisor. Sparebanken Vest has engaged Swedbank AB as financial advisor and Advokatfirmaet Selmer AS as legal advisor.
Contact persons:
Sparebanken Sør
Chair: Knut Ruhaven Sæthre, tel. +47 91 11 78 76
CEO: Geir Bergskaug, tel. +47 90 12 72 06
CFO: Steinar Vigsnes, tel. +47 90 61 31 35
Sparebanken Vest
Chair: Arild Bødal, tel. +47 90 56 66 21
CEO: Jan Erik Kjerpeseth, tel. +47 95 19 84 30
CFO: Frank Johannesen, tel. +47 95 26 59 71
This information is disclosed pursuant to the requirements of the Securities Trading Act § 5-12.