Norwegian Finans Holding ASA: Results of offer to buy back shares


Norwegian Finans Holding ASA: Results of offer to buy back shares

Reference is made to the stock exchange notice issued on 8 May 2019 regarding the offer to buy back shares in Norwegian Finans Holding ASA (“NOFI” or the “Company”) for up to NOK 160 million. The offer expired on 9 May 2019 at 16:30 (CET).

The Company has resolved to buy back 2 133 333 shares at a price of NOK 75 per share. The price was determined through a reverse bookbuilding process.

As mentioned in the stock exchange notice issued on 8 May 2019, shares worth NOK 150 million will be used as consideration to Norwegian Air Shuttle ASA (“NAS”) in connection with the agreement between Lilienthal Finance Ltd and NAS with exclusive right to use the Norwegian brand for banking services and access to customers in Europe.

NOFI will own 133 333 treasury shares following the buyback and the delivery of shares to NAS.

For further information, please contact CFO Pål Svenkerud; phone: +47 93 40 39 04.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act