During week 5 and 6, DNB ASA has purchased 2 865 034 own shares at an average price of NOK 154.53 per share. After this, DNB ASA owns a total of 13 615 102 own shares.

The repurchase of shares is part of the new share buy-back programme announced by DNB ASA on 1 February 2018. The buy-back programme comprises up to approximately 8.1 millon shares, of which up to approximately 5.4 million will be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2018, so that its ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 1 February 2018 (available from www.newsweb.no).

During week 7, DNB ASA has purchased 1 960 000 own shares at an average price of NOK 156.99 per share. After this, DNB ASA owns a total of 15 575 102 own shares.

The repurchase of shares is part of the new share buy-back programme announced by DNB ASA on 1 February 2018. The buy-back programme comprises up to approximately 8.1 millon shares, of which up to approximately 5.4 million will be repurchased in the open market. The rest will be redeemed from the state of Norway on a proportionate basis, subject to approval from DNB ASA's annual general meeting in 2018, so that its ownership interest of 34.00% will remain unaffected following completion of the buy-back programme.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 1 February 2018 (available from www.newsweb.no).

DNB ASA has finalised its share buy-back programme announced on 1 February 2018. A total of 5.4 million shares have been repurchased in the open market, whereas a total of 2.7 million shares held by the Norwegian government will be redeemed, subject to approval by DNB ASA’s Annual General Meeting in 2018, so that its ownership interest in DNB ASA of 34.0 per cent will remain unaffected following the completion of the buy-back programme. The weighted average purchase/redemption price for the 5.4 million shares is NOK 155.68

This is the third share buy-back programme that DNB has finalised since the Annual General Meeting in 2017. The three programmes, including the shares held by the Norwegian government, represent a total of 24 431 973 shares. 16 125 102 of the shares have been bought in the open market.

The shares comprised by the share buy-back programme will be cancelled subject to approval by the Annual General Meeting in 2018. Together with the 16 287 982 shares comprised by the two share buy-back programmes completed on 14 August 2017 and 8 December respectively, the total number of DNB ASA’s registered shares will be reduced by 1.5 per cent from today's 1 628 798 861.

For further information about the share buy-back programme, DNB ASA refers to the Oslo Stock Exchange notification made on 1 February 2018 (available from www.newsweb.no).

The DNB group's annual report and Pillar 3-report for 2017 is published today, 8th of March 2018, at DNB's website ir.dnb.no

Shareholders in DNB ASA are hereby invited to attend the Annual General Meeting to be held at 3.00 pm on Tuesday, 24 April 2018 in DNB's premises in Dronning Eufemias gate 30, Bjørvika, Oslo, Norway.

Agenda: approval of the 2017 annual report and accounts, reduction in capital as a result of the repurchase of shares, election of members of the Board of Directors and the Election Committee as well as the approval of remuneration rates for members of these bodies. The Board of Directors also asks the General Meeting for an authorisation to repurchase up to 3.5 per cent of the company's share capital as well as the authorisation to DNB Markets of 0.5 per cent for hedging purposes, valid up to the Annual General Meeting in 2019. Initially, DNB will apply to Finanstilsynet (the Financial Supervisory Authority of Norway) for approval of a 2 per cent repurchase limit, as well as 0.5 per cent for hedging purposes.

The Notice of Annual General Meeting is attached.

DNB will publish its results for the first quarter of 2018 on Thursday, 26 April 2018 at 7.30 am CET.

26 April at 9.30 am CET: press conference in English accessible via live web TV
Place: DNB’s head office in Bjørvika, Dronning Eufemias gate 30, Oslo. A live broadcast will be available on the Investor Relations pages at ir.dnb.no.
Please register your attendance in Oslo at [email protected].

The press conference will be held in English.

26 April at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: +47 2156 3318 eller internasjonal linje: +44 (0) 20 3003 2666
Passord: DNBQ1 

The phonecast (listen only mode) and replay will be available on the Investor Relations pages at ir.dnb.no

27 April at 07:45 am GMT: breakfast conference for analysts in London
Place: JP Morgan office, 60 Victoria Embankment, London, EC4Y 0JP.
Please register your attendance in London at [email protected]

Management will present the results followed by a Q&A session.

Alf Otterstad and Rasmus Aage T. Figenschou were, on 11 December 2017, appointed acting group executive vice presidents in DNB Bank ASA. With effect from 16 April 2018, both are included as permanent members of the group management team, with Alf Otterstad as group executive vice president IT and Rasmus Aage T. Figenschou as group executive vice president New Business.  

DNB will publish its results for the first quarter of 2018 on Thursday, 26 April 2018 at 7.30 am CET.

26 April at 9.30 am CET: press conference in English accessible via live web TV
Place: DNB’s head office in Bjørvika, Dronning Eufemias gate 30, Oslo. A live broadcast will be available on the Investor Relations pages at ir.dnb.no.

Please register your attendance in Oslo at [email protected].
The press conference will be held in English.

26 April at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: +47 2156 3318 or international line: +44 (0) 20 3003 2666
Password: DNBQ1 

The phonecast (listen only mode) and replay will be available on the Investor Relations pages at ir.dnb.no

27 April at 07:45 am GMT: breakfast conference for analysts in London
Place: JP Morgan office, 60 Victoria Embankment, London, EC4Y 0JP.
Please register your attendance in London at [email protected]

Management will present the results followed by a Q&A session.

DNB’s Annual General Meeting was held on 24 April 2018 in Oslo. 

All items on the agenda were adopted as proposed, cf. the notice sent to Oslo Børs (Oslo Stock Exchange) on 23 March 2018. 

The General Meeting approved the Board of Directors' proposed distribution of a dividend of NOK 7.10 per share to registered shareholders as at 24 April 2018, to be distributed as from 4 May 2018. The shares in DNB ASA will be quoted ex-dividend on 25 April 2018. 

The General Meeting granted the Board of Directors an authorisation to repurchase up to 3.5 per cent of the company's share capital as well as an authorisation to DNB Markets of 0.5 per cent for hedging purposes, valid up to the Annual General Meeting in 2019. Initially, DNB will apply to Finanstilsynet (the Financial Supervisory Authority of Norway) for approval of a 2 per cent repurchase limit, as well as 0.5 per cent for hedging purposes. 

The minutes from the Annual General Meeting are attached.