10/01-2019 14:31:56: (NOFI) Norwegian Finans Holding ASA : Update on acquisition of own shares
Norwegian Finans Holding ASA ("NOFI") refers to earlier communication to the market regarding payments to the shareholders in the form of acquisition of own shares. NOFI has today received the Financial Supervisory Authority of Norway's (the "FSA's") decision that NOFI may acquire own shares provided that NOFI's audited financial statement for 2018 has been completed and that NOFI and Bank Norwegian AS ("Bank Norwegian") meet the aggregated requirement for common equity tier 1 capital taking into account any announced increases in counter-cyclical buffer in 2019, with a margin of 3.0 per cent. The FSA further expects, based on announced increases in the counter-cyclical buffer in Denmark, Sweden and Norway during 2019, that the aggregate requirement for common equity tier 1 capital for NOFI and Bank Norwegian will increase to approximately 15.9%. Based on this, NOFI will revert with an announcement regarding dividend capacity without delay when the board of directors has an overview of the necessary and relevant financial information.
This information is subject to disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.
For further information, please contact CFO Pål Svenkerud; phone: + 47 93403904
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Norwegian Finans Holding ASA via Globenewswire
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