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Sandnes Sparebank

02/14/2020 | Press release | Distributed by Public on 02/14/2020 05:00

SANDNES SPAREBANK: REPURCHASE OF OWN EQUITY CAPITAL CERTIFICATES - PRICE GUIDING

SANDNES SPAREBANK: REPURCHASE OF OWN EQUITY CAPITAL CERTIFICATES - PRICE GUIDING

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION. Sandnes - 14 February 2020 Reference is made to the stock exchange announcement issued by Sandnes Sparebank ('the Company') on 13 February 2020 regarding a potential repurchase of own equity capital certificates ('ECC'). The Company will consider to repurchase ECCs at a price between NOK 73.00 and NOK 75.00 per ECC. As previously communicated, the bookbuilding period is expected to close at 16:30 hours (CET) today 14 February 2020, however, the bookbuilding period can be extended at the Company's and the manager's sole discretion. Pareto Securities AS is acting as manager. Holders of ECCs wishing to participate in the offer can contact Pareto Securities AS at +47 22 87 87 50 in order to place a sales order. For further information, please contact: Tomas Nordbø Middelthon Deputy CEO/CFO +47 922 11 865 The information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. The Offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the 'United States'). This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported acceptance.