Reference is made to the stock exchange notice of 26 October 2023, regarding the
decision by the boards of SpareBank 1 SR-Bank ASA and SpareBank 1 Sørøst-Norge
to adopt a plan for merging the banks (merger plan) and forming SpareBank 1
Sør-Norge ASA, and the stock exchange notice of 14 November 2023, about the
summons to an extraordinary general meeting in SpareBank 1 SR-Bank ASA on 5
December 2023.
The general meeting of SpareBank 1 SR-Bank ASA has in a meeting on December 5
2023 approved the merger of the banks by transferring the assets, rights, and
obligations of SpareBank 1 Sørøst-Norge to SpareBank 1 SR-Bank ASA and forming
SpareBank 1 Sør-Norge ASA.
Reference is also made to the minutes from the meeting where the decision was
made in accordance with the summons.
The implementation of the merger is still conditional upon the necessary
approval from the Supervisory Board of SpareBank 1 Sørøst-Norge, expected later
tonight. The merger is also conditional upon that the relevant supervisory
authorities grant the required permissions for completion without imposing
conditions that significantly alter the assumptions that the banks have made
under the merger plan.
The aim is to complete the merger around 1 July 2024.
SpareBank 1 Markets AS has been engaged as the joint financial advisor of the
banks in connection with the merger, while Advokatfirmaet Selmer AS has been
engaged as joint legal advisor. In addition, SpareBank 1 SR-Bank has engaged
Arctic Securities AS as financial advisor and Advokatfirmaet Thommessen AS as
legal advisor.
Contact persons:
SpareBank 1 SR-Bank ASA
Chair: Dag Mejdell, tel. +47 905 62 970
CEO: Benedicte Schilbred Fasmer, tel. +47 950 60 034
CFO: Inge Reinertsen, tel. +47 909 95 033
SpareBank 1 Sørøst-Norge
Chair: Finn Haugan, tel. +47 900 41 002
CEO: Per Halvorsen, tel. +47 934 07 441
CFO: Roar Snippen, tel. +47 976 10 360
This information is disclosed pursuant to the requirements of the Securities
Trading Act § 5-12.