Stock and press releases

DNB ASA held its Annual General Meeting on 24 April 2018. In this meeting, Olaug Svarva was elected as new chair of the Board in DNB ASA, with a term of office of up two years. Tore Olaf Rimmereid was re-elected as vice chair of the Board, and Jaan Ivar Semlitsch and Berit Svendsen were re-elected as board members, all with a term of office of up to two years.

The Board of Directors in DNB ASA consists of:

Olaug Svarva (chair)
Tore Olaf Rimmereid (vice chair)
Karl-Christian Agerup
Jaan Ivar Semlitsch
Berit Svendsen

Vigdis Mathisen (employee representative)
Carl Løvvik (employee representative)

Jorunn Løvås (deputy for the employee representative)
Stian Samuelsen (deputy for the employee representative)

DNB’s Annual General Meeting was held on 24 April 2018 in Oslo. 

All items on the agenda were adopted as proposed, cf. the notice sent to Oslo Børs (Oslo Stock Exchange) on 23 March 2018. 

The General Meeting approved the Board of Directors' proposed distribution of a dividend of NOK 7.10 per share to registered shareholders as at 24 April 2018, to be distributed as from 4 May 2018. The shares in DNB ASA will be quoted ex-dividend on 25 April 2018. 

The General Meeting granted the Board of Directors an authorisation to repurchase up to 3.5 per cent of the company's share capital as well as an authorisation to DNB Markets of 0.5 per cent for hedging purposes, valid up to the Annual General Meeting in 2019. Initially, DNB will apply to Finanstilsynet (the Financial Supervisory Authority of Norway) for approval of a 2 per cent repurchase limit, as well as 0.5 per cent for hedging purposes. 

The minutes from the Annual General Meeting are attached.  

DNB will publish its results for the first quarter of 2018 on Thursday, 26 April 2018 at 7.30 am CET.

26 April at 9.30 am CET: press conference in English accessible via live web TV
Place: DNB’s head office in Bjørvika, Dronning Eufemias gate 30, Oslo. A live broadcast will be available on the Investor Relations pages at ir.dnb.no.

Please register your attendance in Oslo at [email protected].
The press conference will be held in English.

26 April at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: +47 2156 3318 or international line: +44 (0) 20 3003 2666
Password: DNBQ1 

The phonecast (listen only mode) and replay will be available on the Investor Relations pages at ir.dnb.no

27 April at 07:45 am GMT: breakfast conference for analysts in London
Place: JP Morgan office, 60 Victoria Embankment, London, EC4Y 0JP.
Please register your attendance in London at [email protected]

Management will present the results followed by a Q&A session.

Alf Otterstad and Rasmus Aage T. Figenschou were, on 11 December 2017, appointed acting group executive vice presidents in DNB Bank ASA. With effect from 16 April 2018, both are included as permanent members of the group management team, with Alf Otterstad as group executive vice president IT and Rasmus Aage T. Figenschou as group executive vice president New Business.  

DNB will publish its results for the first quarter of 2018 on Thursday, 26 April 2018 at 7.30 am CET.

26 April at 9.30 am CET: press conference in English accessible via live web TV
Place: DNB’s head office in Bjørvika, Dronning Eufemias gate 30, Oslo. A live broadcast will be available on the Investor Relations pages at ir.dnb.no.
Please register your attendance in Oslo at [email protected].

The press conference will be held in English.

26 April at 1.30 pm CET: conference call for analysts and investors
To attend the conference call: +47 2156 3318 eller internasjonal linje: +44 (0) 20 3003 2666
Passord: DNBQ1 

The phonecast (listen only mode) and replay will be available on the Investor Relations pages at ir.dnb.no

27 April at 07:45 am GMT: breakfast conference for analysts in London
Place: JP Morgan office, 60 Victoria Embankment, London, EC4Y 0JP.
Please register your attendance in London at [email protected]

Management will present the results followed by a Q&A session.

Shareholders in DNB ASA are hereby invited to attend the Annual General Meeting to be held at 3.00 pm on Tuesday, 24 April 2018 in DNB's premises in Dronning Eufemias gate 30, Bjørvika, Oslo, Norway.

Agenda: approval of the 2017 annual report and accounts, reduction in capital as a result of the repurchase of shares, election of members of the Board of Directors and the Election Committee as well as the approval of remuneration rates for members of these bodies. The Board of Directors also asks the General Meeting for an authorisation to repurchase up to 3.5 per cent of the company's share capital as well as the authorisation to DNB Markets of 0.5 per cent for hedging purposes, valid up to the Annual General Meeting in 2019. Initially, DNB will apply to Finanstilsynet (the Financial Supervisory Authority of Norway) for approval of a 2 per cent repurchase limit, as well as 0.5 per cent for hedging purposes.

The Notice of Annual General Meeting is attached.