FilingReader Intelligence

Skue and Tinn Sparebank merger confirmed, new capital issued

October 23, 2025 at 02:02 PM UTCBy FilingReader AI

Skue Sparebank and Tinn Sparebank have confirmed their merger, with all conditions now met. The boards of both banks officially decided to proceed with the merger on October 23, 2025, targeting a completion date of November 3, 2025.

In conjunction with the merger, Skue Sparebank's board decided to establish four new savings bank foundations and convert foundation capital into equity certificate capital. This involves issuing 2,754,294 new equity certificates at NOK 230.08 each, raising the equity certificate capital by NOK 82,628,820. Concurrently, Tinn Sparebank established a foundation, leading to a further increase in Skue Sparebank's equity certificate capital by NOK 21,917,820 through the issuance of 730,594 new equity certificates at NOK 265.15 per share.

Following the merger, Skue Sparebank's total equity certificate capital will be NOK 173,361,570, comprising 5,778,719 equity certificates, each with a nominal value of NOK 30. An EEA prospectus will be prepared and published, subject to approval by the Financial Supervisory Authority, for the listing of the new equity certificates.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

OSL:TNSBOslo Stock Exchange

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