Skue Sparebank and Tinn Sparebank merger approved, finalized

Skue Sparebank and Tinn Sparebank's boards have formally decided to proceed with their merger, effective November 3, 2025. This follows previous announcements in June, July, and October 2025. Skue Sparebank will be the acquiring bank.

Skue Sparebank's share capital will increase by NOK 82,628,820 through the issuance of 2,754,294 new equity certificates at a subscription price of NOK 230.08. An additional NOK 21,917,820 will be raised via 730,594 new equity certificates at NOK 265.15 as consideration for Tinn Sparebank. Five new savings bank foundations have been established.

Post-merger, Skue Sparebank will have a total share capital of NOK 173,361,570, represented by 5,778,719 equity certificates, each with a nominal value of NOK 30. An EØS prospectus will be published following Finanstilsynet approval for the listing of these new equity certificates.