Reference is made to the stock exchange announcement published by Pareto Bank
ASA (the "Bank") on 13 September 2023 regarding a PDMR notification by Pareto AS
in relation to a share lending agreement pursuant to which Pareto AS has granted
Pareto Securities AS an option to borrow up to 6,930,693 shares in the Bank. The
loan of shares is to facilitate DVP settlement of the new shares in the Bank
issued in connection with the private placement which was completed on 22 August
2023 (the "Private Placement").
In connection with the share lending, Pareto AS's share ownership will decrease
from 13,970,346 shares to 7,039,653 shares, which is a decrease from 20.00% to
10.08% based on a total of 69,851,730 outstanding shares.
Settlement for the allotted shares in the Private Placement is expected to take
place on or around 15 September 2023. The shares that are borrowed by Pareto
Securities AS will be redelivered to Pareto AS upon registration of the share
capital increase pertaining to the Private Placement and delivery of the new
shares in VPS.
This information is subject to the disclosure requirements pursuant to Section
5-12, cf. Section 4-2 of the Norwegian Securities Trading Act.
For more information, please contact:
Tiril Haug Villum, CEO
+47 92 25 64 32
Even Wahl, legal counsel
+47 47 27 05 31