Sbanken ASA: Initiating a share buy-back program for employees
Sbanken ASA offers share incentive programs for employees and executive managers where shares are offered at a price including a 20 per cent discount and is subject to a three-year lock-up period.
All employees can subscribe to the program for an amount not exceeding performance-related pay. In addition to this, executive managers can subscribe to an amount not exceeding:
- NOK 5 million for the CEO
- NOK 4 million for the CFO
- NOK 3 million for other executive managers
Further reference is made to the general meeting of 25. April 2019 where the company was granted approval to acquire shares at a price between NOK 10 and NOK 150 per share and up to an aggregate nominal value of NOK 15 million. The share buy-back program will be conducted in accordance with the applicable regulations of the Oslo Stock Exchange and the Norwegian Securities Trading Act.
Contact details, Investor Relations:
Jesper M. Hatletveit, Head of IR, Sbanken ASA,
Henning Nordgulen, CFO, Sbanken ASA,
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
