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Reference is made to the stock exchange notice from 27 April 2018 where the minutes from the annual general meeting of Sbanken ASA was announced. The annual general meeting granted the board of directors authorisation to acquire the company's own shares. On 12 July 2018, the board of directors resolved to use the authorisation granted by the general meeting. The purpose of the buyback is to facilitate the allocation and sale of shares to employees according to the company's share purchase program. For further details about the buy-back program, please see the minutes from the annual general meeting 27 April 2018.
On behalf of Sbanken ASA, DNB Markets has on 13 July 2018 purchased 13 590 shares for use in Sbanken's share option plan for employees.
The shares have been acquired at a price of NOK 81,99 per share. Before distribution to the employees, Sbanken has zero treasury shares.
On 7 December 2017, the board of directors of Skandiabanken ASA decided to offer employees in Skandiabanken ASA shares with a discount of NOK 1 500 - 3 000 as a part of the company's share option program.
A total of 13 590 shares were allotted today, 13 July 2018, at a gross price of 81,99 per share.
Please find enclosed a complete list of primary insiders that availed themselves of the offer, the number of acquired shares on behalf of the primary insiders and their new total shareholding after the acquisition enclosed.
Contact details, Investor Relations:
Henning Nordgulen, CFO, Skandiabanken ASA, +47 952 65 990