2024
DNB Bank ASA - status of share buy-back programme after week 6 2024
DNB Bank ASA - status of share buy-back programme after week 6 2024
On 22 December 2023, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 0.75 percent of the company’s own shares, which represents a total of 11 569 599 shares.
Up to 7 635 935 shares will be purchased on trading venues by 8 March 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 3 933 664 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 2.5 billion.
During week 6 of 2024, DNB purchased 935,874 own shares at an average price of NOK 203.8194 per share. Following this, DNB has purchased a total of 5,371,809 own shares under the current buy-back programme, corresponding to 0.35 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the buy-back programme:
| Date: | Number of shares | Average price (NOK) | Total transaction value (NOK) |
|---|---|---|---|
| 05/02 | 178,791 | 206.7362 | 36,962,571.93 |
| 06/02 | 171,209 | 205.8960 | 35,251,248.26 |
| 07/02 | 200,000 | 204.4299 | 40,885,980.00 |
| 08/02 | 185,874 | 201.7317 | 37,496,678.01 |
| 09/02 | 200,000 | 200.7642 | 40,152,840.00 |
| Previously announced buy-backs under the programme | 4,435,935 | 212.9204 | 944,501,188.29 |
| Total buy-backs made under the programme | 5,371,809 | 211.3349 | 1,135,250,506.49 |
Please see the stock exchange announcement published on 22 December 2023, 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.
Attachment: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.
Financial calendar
Financial calendar
Financial calendar for DNB Bank ASA
FINANCIAL YEAR 2024
23.04.2024 - Quarterly Report - Q1
11.07.2024 - Half-yearly Report
22.10.2024 - Quarterly Report - Q3
05.02.2025 - Quarterly Report - Q4
19.03.2025 - Annual Report
FINANCIAL YEAR 2025
29.04.2025 - Annual General Meeting
07.05.2025 - Quarterly Report - Q1
11.07.2025 - Half-yearly Report
22.10.2025 - Quarterly Report - Q3
For further information, please contact:
Rune Helland, Head of Investor Relations, tel. (+47) 23 26 84 00 / (+47) 977 13 250
This information is published pursuant to the requirements set out in the Continuing obligations.
DNB Bank ASA - status of share buy-back programme after week 5 2024
DNB Bank ASA - status of share buy-back programme after week 5 2024
On 22 December 2023, DNB Bank ASA (“DNB”) announced that the company has decided to initiate a share buy-back programme comprising up to 0.75 percent of the company’s own shares, which represents a total of 11 569 599 shares.
Up to 7 635 935 shares will be purchased on trading venues by 8 March 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 3 933 664 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 2.5 billion.
During week 5 of 2024, DNB purchased 920,000 own shares at an average price of NOK 208.2145 per share. Following this, DNB has purchased a total of 4,435,935 own shares under the current buy-back programme, corresponding to 0.29 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the buy-back programme:
| Date: | Number of shares | Average price (NOK) | Total transaction value (NOK) |
|---|---|---|---|
| 29/01 | 190,000 | 212.5156 | 40,377,964.00 |
| 30/01 | 160,000 | 210.9335 | 33,749,360.00 |
| 31/01 | 220,000 | 205.2706 | 45,159,532.00 |
| 01/02 | 182,300 | 205.9521 | 37,545,067.83 |
| 02/02 | 167,700 | 207.0688 | 34,725,437.76 |
| Previously announced buy-backs under the programme | 3,515,935 | 214.1518 | 752,943,826.70 |
| Total buy-backs made under the programme | 4,435,935 | 212.9204 | 944,501,188.29 |
Please see the stock exchange announcement published on 22 December 2023, 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.
Attachment: An overview of all buy-backs made this week is enclosed with this announcement and available at www.newsweb.oslobors.no.
DNB - Acquisition of shares by primary insiders
DNB - Acquisition of shares by primary insiders
Today, 1 February 2024, a total of 11,743 shares in DNB Bank ASA were acquired on behalf of certain of DNB’s primary insiders, who are part of the Group Management team. The share purchase was executed collectively at an average price per share of NOK 205.7249.
The shares were purchased in accordance with the share programme that was approved by the Annual General Meeting on 30 June 2020. Shares that are acquired through the programme have a holding period which lasts for as long as the person holding the shares is part of the Group Management team. Upon leaving the Group Management team, the shares are released in stages over a period of three years.
A list of the primary insiders of DNB Bank ASA who have increased their shareholding is attached.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Trade subject to notification for primary insiders
Trade subject to notification for primary insiders
Petter-Børre Furberg, member of the Board of Directors in DNB Bank ASA, has 31 January 2024 bought 5,000 shares in DNB Bank ASA at a share price of NOK 205.00. See attachment for further details.
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
Correction: DNB Bank ASA - proposed cash dividend for 2023 - key information
Correction: DNB Bank ASA - proposed cash dividend for 2023 - key information
The Board of Directors of DNB Bank ASA plans to propose to distribute a cash dividend of NOK 16.00 per share for the accounting year of 2023. The formal decision regarding the dividend will be made on the company’s Annual General Meeting, which will be held on 29 April 2024.
Dividend amount: 16.00 per share
Declared currency: Norwegian krone (NOK)
Last day including right: 29 April 2024
Ex-date: 30 April 2024
Record date (shareholder registration date): 2 May 2024
Payment date: from 8 May 2024
Date of approval: 29 April 2024
This information is published in accordance with the requirements in Oslo Børs’ issuer rules.
For further information, please contact Rune Helland, head of Investor Relations, on tel. +47 23 26 84 00 / +47 97 71 32 50.