On 17 June 2024, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 3,358 million.

During week 27 of 2024, DNB purchased 737,396 own shares at an average price of NOK 211.5248 per share. Following this, DNB has purchased a total of 2,237,095 own shares under the current buy-back programme, corresponding to 0.15 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:
 

Please see the stock exchange announcement published on 17 June 2024, which is available at www.newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no. 

In the second quarter of 2024, the DNB Group will recognise a negative mark-to-market effect of NOK 290 million from basis swaps connected to funding. Furthermore, a negative effect of NOK 79 million from the USD and SEK Additional Tier 1 capital will also be recognised. The effects will appear under Net gains on financial instruments at fair value in our financial statement.

For further information, please contact:
Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

On 17 June 2024, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 3,358 million.

During week 26 of 2024, DNB purchased 829,310 own shares at an average price of NOK 209.0755 per share. Following this, DNB has purchased a total of 1,499,699 own shares under the current buy-back programme, corresponding to 0.10 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 17 June 2024, which is available at www.newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.

DNB will publish its results for the second quarter of 2024 on Thursday, 11 July 2024 at 7:30 CET.

9:30 CET: Presentation

CEO Kjerstin Braathen and CFO Ida Lerner present the results at a live streamed presentation. It will be possible to ask questions online and a broadcast will be available on the Investor Relations pages at ir.dnb.no. It will also be possible to physically attend the presentation at DNB's head office in Bjørvika, Dronning Eufemias gate 30. Please register your attendance in Oslo, at [email protected]. For media, please register at [email protected].

13:30 CET: Conference call for analysts and investors

Call in details: Norway +47 21 56 33 18, UK-Wide +44 (0) 33 0551 0200, US +1 786 697 3501. Password: DNB Q2. Please join the call early to allow the operator to transfer you into the call by the scheduled start time.

The conference call (listen-only mode) and a recording of this will be available on the Investor Relations pages at ir.dnb.no.

For further information, please contact:

Investor contact: Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Øystein Kløvstad Langberg, Executive Vice President of Communications, tel.:(+47) 98 04 88 25

This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

On 17 June 2024, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares.

Up to 9,850,699 shares will be purchased on trading venues by 13 September 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2025. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,074,602 shares – from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. 

The total consideration paid for the shares purchased under the buy-back programme, including the shares that will be proposed redeemed from NFD, will not exceed NOK 3,358 million.

During week 25 of 2024, DNB purchased 670,389 own shares at an average price of NOK 208.7918 per share. Following this, DNB has purchased a total of 670,389 own shares under the current buy-back programme, corresponding to 0.04 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back programme:

Please see the stock exchange announcement published on 17 June 2024, which is available at www.newsweb.oslobors.no, for more information about the buy-back programme. 

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50.

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.

In accordance with the purpose of the buy-back program carried out by DNB Bank ASA (“DNB”) during the period from DNB’s Annual General Meeting in 2023 to DNB’s Annual General Meeting in 2024, the company's Annual General Meeting held on 29 April 2024 decided to reduce DNB’s share capital with NOK 626,036,462.50 from NOK 19,282,665,037.50 to NOK 18,656,628,575, by deletion or redemption of a total of 50,082,917 shares. 

The capital reduction was filed with the Norwegian Register of Business Enterprises on 3 May 2024. The creditor notice period of six weeks has now expired, and the capital reduction has been completed in accordance with the resolution from the annual general meeting. 

The new share capital of DNB ASA is NOK 18,656,628,575 divided between 1,492,530,286 shares of NOK 12.50 each. 

For further information, please contact Rune Helland, head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250.

DNB Bank ASA has decided to initiate a share buy-back programme comprising up to 1.0 percent of the company’s own shares, which represents a total of 14,925,301 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 29 April 2024. The Financial Supervisory Authority of Norway has approved the buy-back programme, on the condition that the total buy-backs do not reduce the company’s own funds by more than NOK 3,358 million.

The purpose of the buy-back programme is to optimise the company’s capital structure, by reducing the common equity tier 1 (CET1) capital ratio by approximately 0.30 percentage points.

Up to 0.66 percent of the company’s own shares, which equals 9,850,699 shares, will be bought back on trading venues, at a price of between NOK 10 and NOK 300 per share. The buy-backs will, at the latest, end on 13 September 2024. DNB Markets will manage the buy-backs on behalf of the company, and will decide the timing of the purchases independently of the company. The shares that are purchased will be proposed cancelled at the Annual General Meeting in 2025.  

The remaining 0.34 percent of the shares – up to 5,074,602 shares – will at the same Annual General Meeting be proposed redeemed from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (“NFD”), so that NFD’s ownership interest of 34 percent remains unchanged. NFD’s shares will be redeemed at a price equal to the average price of the shares bought back on trading venues, with the addition of an interest compensation.

The buy-back programme will be carried out in accordance with the Market Abuse Regulation and the regulation regarding buy-back programmes and stabilisation measures.

For further information, please contact Rune Helland, Head of Investor Relations, on +47 23 26 84 00 or +47 97 71 32 50. 

This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

On 13 March 2024, the Board of Directors of DNB Bank ASA decided to offer employees in DNB Bank ASA shares with a discount of up to 25 % (up to NOK 15,400 per employee). 

The shares were allotted today, 16 May 2024, at a gross price of NOK 201.1877 per share. 

Please see attachment for further details regarding the primary insiders that made use of the offer.  

This information is subject of the disclosure requirements pursuant to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.

DNB is today making changes to its organisation and Group Management team. 

“In DNB, a total of 10 964 employees put in a tremendous effort every day. Now we are reorganising DNB to be ready for the next stage of our journey, to deliver even better value for our customers,” says Group Chief Executive Officer (CEO) Kjerstin Braathen. 

The following changes apply from today, 6 May: 

• Business Banking Norway will be established as a separate business area. Head of the unit, Rasmus Aage Figenschou, will become part of the Group Management team. 
• Maria Ervik Løvold will take over as Group Executive Vice President of Personal Banking.
• A new support unit will be set up, People & Communication, which will be led by Even Westerveld. 
• Eline Skramstad will take over as Group Executive Vice President of Group Risk Management.

“With the new line-up in our Group Management team, we are making our customer focus clearer and linking banking and technology even more closely together. In order to deliver the best services to our customers in the future as well, we must develop even faster. These changes will contribute to that,” says Braathen.

The new Group Executive Vice President of Personal Banking, Maria Ervik Løvold, has extensive experience from both the technology environments and the customer environments in the bank.

“Maria has contributed significantly to reducing the technical complexity in DNB, and at the same time she already knows the personal customer market well from previous roles in DNB. I feel confident that she will contribute to creating new, good customer experiences for over two million DNB customers across the country,” says Braathen. 

The technical merger of Sbanken has now been completed, and the next phase is well underway. 
 
“I’m looking forward to embarking on the next chapter for the personal customer area, and to use DNB's muscles to build momentum for Sbanken as a challenger in the banking market,” says Løvold.
 
As of today, Ingjerd Blekeli Spiten, Sverre Krog and Anne Sigrun Moen will no longer be members of DNB's Group Management team. 

“I would like to extend a big thank you to Ingjerd, Sverre and Anne Sigrun. They have made valuable contributions both to good teamwork and to good results in the years we have worked together,” says Braathen.

DNB's new Group Management team as of 6 May:

Group Chief Executive, CEO: Kjerstin R. Braathen 

Group Finance: Ida Lerner

Wealth Management: Håkon Hansen

Markets: Alexander Opstad

Personal Banking: Maria Ervik Løvold

Business Banking Norway Rasmus Aage T. Figenschou

Large Corporates & International: Harald Serck-Hanssen

People & Communication: Even Graff Westerveld

Products, Data & Innovation: Per Kristian Næss-Fladseth 

Group Compliance: Fredrik Berger

Group Risk Management: Eline Skramstad

Technology & Services: Øyvind Trangerud (acting)

 
For further information: 

Rune Helland, Head of Investor Relations, tel.: (+47) 23 26 84 00 / (+47) 97 71 32 50

Kari Vartdal Riise, Executive Vice President of Communications (acting), tel. 97 51 67 07
 

Oslo, 30 April 2024 

Today, 30 April 2024, a total of 189,946 shares in DNB Bank ASA were acquired on behalf of certain leading employees and risk takers. The purchase was executed collectively at an average price per share of NOK 194.3405.

The shares were acquired in accordance with the regulation on remuneration in financial institutions etc., which states that at least half of annual variable remuneration shall be awarded as shares and be subject to certain lock-up mechanisms.

The employees have been given a compensation for decreased share value resulting from the lock-up at approximately 7.6% or 8.1%, depending on the length of the lock-up period. 

A list of primary insiders of DNB Bank ASA that have increased their shareholding is attached.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.