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Sbanken ASA: Initiating a share buy-back program for employees

Sbanken ASA offers share incentive programs for employees and executive managers where shares are offered at a price including a 20 per cent discount and is subject to a three-year lock-up period.

All employees can subscribe to the program for an amount not exceeding performance-related pay. In addition to this, executive managers can subscribe to an amount not exceeding:

  • NOK 5 million for the CEO
  • NOK 4 million for the CFO
  • NOK 3 million for other executive managers

Further reference is made to the general meeting of 25. April 2019 where the company was granted approval to acquire shares at a price between NOK 10 and NOK 150 per share and up to an aggregate nominal value of NOK 15 million. The share buy-back program will be conducted in accordance with the applicable regulations of the Oslo Stock Exchange and the Norwegian Securities Trading Act.

Contact details, Investor Relations:
Jesper M. Hatletveit, Head of IR, Sbanken ASA, +47 959 40 045
Henning Nordgulen, CFO, Sbanken ASA, +47 952 65 990

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