Grong Sparebank launches reverse bookbuilding for staff equity certificates

Grong Sparebank has engaged Norne Securities to facilitate the acquisition of its own equity capital certificates, totaling NOK 2,053,500. These certificates are intended for the bank's employee savings program and will be resold to staff. This builds on a prior announcement from December 20, 2024, regarding the program.

The acquisition will proceed via a reverse bookbuilding process, where Norne Securities will collect irrevocable and unchangeable sell orders from existing holders. The final purchase price per certificate will be determined by the bank based on satisfactory price and volume, applying uniformly to all sellers.

The acceptance period for the offer began immediately and is expected to conclude on December 10, 2025, at 16:00, though it may be extended. Pricing is anticipated immediately following the transaction's completion, with allocation by December 10, 2025, and settlement around December 12, 2025. The offer has received necessary approvals from the bank's supervisory board and the Financial Supervisory Authority of Norway.