Stock and press releases

On 19 October 2023, 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 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 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 3.3 billion.

During week 46 of 2023, DNB purchased 1,125,000 own shares at an average price of NOK 203.1392 per share. Following this, DNB has purchased a total of 4,945,000 own shares under the current buy-back programme, corresponding to 0.32 percent of the shares in the company.

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

For more information about the buy-back programme, please see the stock exchange announcement that was published on 19 October 2023, which is available at www.newsweb.oslobors.no. 

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.

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

On 19 October 2023, 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 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 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 3.3 billion.

During week 45 of 2023, DNB purchased 1,125,000 own shares at an average price of NOK 199.3221 per share. Following this, DNB has purchased a total of 3,820,000 own shares under the current buy-back programme, corresponding to 0.25 percent of the shares in the company.

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

For more information about the buy-back programme, please see the stock exchange announcement that was published on 19 October 2023, which is available at www.newsweb.oslobors.no. 

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.

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

On 19 October 2023, 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 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 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 3.3 billion.

During week 44 of 2023, DNB purchased 1,125,000 own shares at an average price of NOK 200.1266 per share. Following this, DNB has purchased a total of 2,695,000 own shares under the current buy-back programme, corresponding to 0.18 percent of the shares in the company.

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

For more information about the buy-back programme, please see the stock exchange announcement that was published on 19 October 2023, which is available at www.newsweb.oslobors.no. 

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.

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

On 19 October 2023, 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 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 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 3.3 billion.

During week 43 of 2023, DNB purchased 1,125,000 own shares at an average price of NOK 202.6276 per share. Following this, DNB has purchased a total of 1,570,000 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:

For more information about the buy-back programme, please see the stock exchange announcement that was published on 19 October 2023, which is available at www.newsweb.oslobors.no. 

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.

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

On 19 October 2023, 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 15,426,132 shares.

Up to 10,181,247 shares will be purchased on trading venues by 30 January 2024, and a proposal to cancel the shares will be made at the Annual General Meeting in 2024. At the same meeting it will also be proposed to redeem the remaining shares – up to 5,244,885 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 3.3 billion.

During week 42 of 2023, DNB purchased 445,000 own shares at an average price of NOK 208.2734 per share. Following this, DNB has purchased a total of 445,000 own shares under the current buy-back programme, corresponding to 0.03 percent of the shares in the company.

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

For more information about the buy-back programme, please see the stock exchange announcement that was published on 19 October 2023, which is available at www.newsweb.oslobors.no. 

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.

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

The Board of Directors of 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 15,426,132 shares. The buy-back programme was adopted based on an authorisation given by the Annual General Meeting held on 25 April 2023. 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 3.3 billion.

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. The reduction took effect from the end of Q3 2023, when the company had a CET1 capital ratio of 18.3 percent.

Up to 0.66 percent of the company’s own shares, which equals 10,181,247 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 30 January 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 2024.  

The remaining 0.34 per cent of the shares – up to 5,244,885 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.

The company already owns 0.99 percent of its own shares, which were purchased under the buy-back programme that was announced on 17 July 2023 and completed on 18 October 2023. These shares will be proposed cancelled at the Annual General Meeting in 2024. Additionally, 0.51 percent of the shares in the company will be proposed redeemed from NFD. 

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.