Nordax Bank AB (publ) ("Nordax") has today acquired 3,442,865 shares inBank Norwegian ASA (the "Company"). Following the acquisition, Nordax holds 6,313,456 shares in the Company, corresponding to 3.38% of the Company's share capital and voting rights and together with its close associates, on a consolidated basis, an aggregate of 48,786,059 shares in the Company, corresponding to 26.10% of the Company's share capital and voting rights, thereby crossing the 25% major shareholding threshold in the Company on a consolidated basis. Nordax has, pursuant to contribution agreements as further set out under section 1.16 (Contribution Agreements) of the offer document for the recommended voluntary offer for all shares in the Company (the "Offer"), dated5 August 2021 , as amended, conditionally agreed to acquire 42,472,603 shares, representing 22.72% of the shares and votes in the Company, equivalent to the total holding of shares in the Company held by Nordax' close associates. Nordax has through the Offer received acceptances for 117,703,465 shares, corresponding to 62.98% of the Company's share capital and voting rights. In aggregate, when Nordax shares and rights to shares are taken together, this represents a total of 166,489,524 shares in the Company, equivalent to 89.08% of the Company's share capital and voting rights. This announcement is made pursuant to section 4-2 of theNorwegian Securities Trading Act. About NordaxNordax Bank AB (publ) is a leading specialist bank inNorthern Europe owned by Nordic Capital Fund VIII and Sampo. Nordax has around 287,000 private customers inSweden ,Norway ,Finland ,Denmark andGermany . We are a specialist bank that through responsible lending helps people make informed decisions for a life they can afford. We are a flexible complement to the major banks. Instead of quantity, we have specialised in a few selected products that we know best: personal loans, mortgages, equity release products and savings accounts. Since 2019,Svensk Hypotekspension , which is a specialist in equity release products, is a wholly owned subsidiary of Nordax. Nordax has around 350 employees, practically all of whom work from a central office inStockholm . The credit assessment process is one of Nordax's core competencies. It is thorough, sound and data driven. Nordax's customers are financially stable. As of30 June 2021 , lending to the public amounted toSEK 30.1 billion and deposits amounted toSEK 28.4 billion . Read more about Nordax on http://www.nordaxgroup.com.
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