FSA approval to repurchase own shares
Reference is made to the annual general meeting of DNB ASA held on 25 April 2017, where the Board of Directors was authorised to repurchase up to 2.0 per cent of the shares of the company, of which 0.5 per cent can only be used for hedging purposes in DNB Markets.
The Norwegian FSA has approved the authorisation, provided that the targeted capital level is met following the repurchase, and that the sum of the amounts spent on dividends and the repurchase of shares does not exceed 75 per cent of the annual profit for 2016.
For further information, please contact:
Rune Helland, Head of Investor Relations
Office: +47 23 26 84 00
Mob: +47 977 13 250
E-mail: [email protected]