DNB Bank ASA (DNB.OL), a Norwegian financial services provider, said on Wednesday that it has decided to initiate a new program to repurchase up to 14.776 million shares, or up to 1% of its total shares.
"The purpose of the buy-back programme is to optimise the company's capital structure, by reducing the common equity tier 1 (CET1) ratio by slightly less than 0.4 percentage points," the lender said.
Up to 9.752 million shares will be repurchased at a price of NOK 10 to NOK 330 per share. The repurchases will, at the latest, end on February 20, 2026. DNB Carnegie will manage the repurchases on behalf of the company.
The remaining up to 5.023 million shares will at the same annual general meeting be proposed redeemed from the Norwegian Government, represented by the Ministry of Trade, Industry and Fisheries (NFD). Following this, NFD's ownership interest of 34 percent will remain intact.
The company currently owns 9.752 million shares, which were repurchased earlier this year.
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