SpareBank 1 Sør-Norge 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 3,717,017 shares. The buy-back programme will start in week 32.
The buy-back programme was adopted based on an authorisation given by the Annual
General Meeting held on 23 April 2026. 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 1,022 million.
The purpose of the buy-back programme is to optimise the company's capital
structure, by reducing the common equity tier 1 (CET1) ratio by approximately
0.45 percentage points.
The shares will be bought back on a regulated trading venue, such as Euronext
Oslo Børs, at a price of between NOK 25 and NOK 275 per share. The buy-backs
will, at the latest, end on 30 June 2027. SB1 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 next Annual General Meeting.
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 currently owns 41 935 own shares.
In June, the Norwegian FSA granted permission to include accumulated profit
after tax and interest on Tier 1, minus an expected cash distribution of 50
percent and a percentage accounting for the expected repurchase of own shares as
a supplement to the cash dividend in CET 1 capital for reporting in the second,
third, and fourth quarters of 2026.
Contact:
Morten Forgaard, IR, tel. 916 21 425
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.
ection 5-12 of the\
Norwegian Securities Trading Act. \