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 3,754,563 shares. The buy-back programme was adopted based on an
authorisation given by the Annual General Meeting held on 30 September 2025.
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 844 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 slightly less than 0.4 percentage points.
The shares will be bought back on the Euronext Oslo Børs trading venue, at a
price of between NOK 25 and NOK 225 per share. The buy-backs will, at the
latest, end on 30 June 2026. 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 35 318 own shares.
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.