Corr: SpareBank 1 SMN sells shares in Bank 1 Oslo Akershus
SpareBank 1 SMN to reduce its holding in Bank 1 Oslo Akershus from 19.5 to 4.8
per cent; see stock exchange notice of 18 January 2013.
Sparebanken Hedmark is to increase its stake in Bank 1 Oslo Akershus from 12.0
til 40.5 per cent, and has an option on a further increase.
We wish to make clear that the change in owner structure will be achieved
through Sparebanken Hedmark's acquisition of shares from SpareBank 1 SR-Bank,
SpareBank 1 Nord-Norge and SpareBank 1 SMN. Each bank is to sell 475,594 shares
at a price of NOK 494, corresponding to the book value of Bank 1 Oslo Akershus
as of 30 September 2012.
Each of the selling banks owned 19.5 per cent of Bank 1 Oslo Akershus ASÂ on 31
December 2012. After the share sale and other owner adjustments the new stake is
4.8 per cent. Sparebanken HedmarkÂ and Samarbeidende Sparebanker AS have been
given, subject to further conditions, an option on the purchase of respectively
two-thirds and one-third of the remaining shares up to 31 December 2015.
Sparebanken Hedmark's overall share acquisition is conditional on final approval
Trondheim, 23 January 2013
Contact persons at SpareBank 1 SMN:
Group CEO Finn Haugan on (47) 900 41 002
Head of Corporate Communications Hans Tronstad on (47) 941 78 322
About SpareBank 1 SMN
SpareBank 1 SMN is the region's leading financial services group. It leads the
retail and corporate market, and is positioned in 43 localities across the
region's municipalities with a total of 51 offices.
We aim to be the recommended bank for customers in TrÃ¸ndelag and in MÃ¸re and
Romsdal. Being a local, independent savings bank we feel a special
responsibility for stimulating growth and prosperity in the region. We base our
business on closeness to our customers, good accessibility, a full product range
and comprehensive financial advisory services.
Our head office is in Trondheim. The Group employs about 1,200 staff and
includes the following subsidiaries: SpareBank 1 SMN Finans, EiendomsMegler 1
Midt-Norge, Allegro Finans and SpareBank 1 SMN Regnskap. It is the largest
shareholder in BN Bank with a 33% stake.
SpareBank 1 SMN is one of six owners of SpareBank 1 Gruppen. For further
information, visit our website atÂ www.smn.no.
This information is subject of the disclosure requirements acc. to Â§5-12 vphl
(Norwegian Securities Trading Act)
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Source: SpareBank 1 SMN via Thomson Reuters ONE