Sparebanken Vest

11/13/2018 | Press release | Distributed by Public on 11/13/2018 04:14

Mandatory notification of trade and disclosure of holding - Sparebankstiftinga Hardanger

Mandatory notification of trade and disclosure of holding - Sparebankstiftinga Hardanger

13.11.2018 09:26

Sparebankstiftinga Hardanger («Sparebankstiftinga») has 12 November 2018 sold 1,000,000 equity certificates in Sparebanken Vest (ticker «SVEG» listed on Oslo Stock Exchange) at a price of NOK 52.50 per equity certificate. Following the sale, Sparebankstiftinga owns 11,954,394 equity certificates, corresponding to 19.83% of the total number of issued equity certificates in Sparebanken Vest (60,274,630). Each equity certificate in Sparebanken Vest represents one vote in the election meeting of the equity certificate owners, limited such that no one can vote for equity certificates representing more than 15% of the total outstanding equity certificates in Sparebanken Vest. Sparebankstiftinga Hardanger is a primary insider in Sparebanken Vest. The CEO of Sparebankstiftinga Hardanger, Gunnar Skeie, is member of the board of directors in Sparebanken Vest and primary insider in Sparebanken Vest. Pareto Securities and Swedbank Norge acted as managers in the transaction for Sparebankstiftinga Hardanger. This information is subject to the disclosure requirements pursuant to section § 5-12, cf. § 4-2 and § 4-3 of the Norwegian Securities Tradin