DNB Bank concludes share buy-back program
DNB Bank ASA has announced the completion of its share buy-back program, initially disclosed on June 17, 2025. The bank repurchased a total of 9,752,192 shares from trading venues, representing 0.66 percent of the company's total shares. The aggregate consideration for these shares amounted to approximately NOK 2,614 million, with an average price paid of NOK 268.05 per share. DNB now holds this entire quantity of own shares.
A proposal will be put forth at the annual general meeting in 2026 to cancel all 9,752,192 shares. Additionally, DNB will propose to redeem 5,023,856 shares from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (NFD), at the same meeting. This redemption, equivalent to 0.34 percent of DNB's shares, is intended to maintain NFD's 34 percent ownership interest.
The Norwegian Government will receive an approximate consideration of NOK 1,347 million for these shares, along with interest compensation. Rune Helland, head of investor relations, is available for further information.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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