1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Bank Norwegian Asa
  6. News
  7. Summary
    NOFI   NO0011002511


End-of-day quote Oslo Bors  -  11-02
104.60 NOK   -0.10%
05/25Bank Norwegian ASA Appoints Mats Benserud as CFO, Effective June 1, 2022
05/25Interim report January-March 2022 Nordax Bank AB
05/25Interim report January-March 2022 Nordax Holding AB
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Bank Norwegian : Nordax announces preliminary results of the recommended voluntary cash offer of NOK 105 per share in Bank Norwegian ASA

10/15/2021 | 11:12am EDT

Reference is made to the offer document dated 5 August 2021 (the "Offer
Document") for the recommended voluntary offer by Nordax Bank AB (publ)
("Nordax" or the "Offeror") to acquire all outstanding shares in Bank Norwegian
ASA (the "Company") against a consideration in cash of NOK 105 per Share
(subject to adjustment as set out in the Offer Document) (the "Offer Price")
(the "Offer").

The offer period for the Offer (the "Offer Period") expired at 16:30 hours
(CEST) on 15 October 2021. At expiry of the Offer Period, the Offeror had
received acceptances of the Offer for a total of 130,136,243 shares,
representing approximately 69.63% of the outstanding shares and votes in the
Company. In addition, the Offeror holds 6,313,456 shares in the Company
representing approximately 3.38% of the shares and votes in the Company and
pursuant to the contribution agreements as further set out under section 1.16
(Contribution Agreements) of the Offer Document, has conditionally agreed to
acquire 42,472,603 shares, representing approximately 22.72% of the shares and
votes in the Company, and together with the received acceptances in the Offer
representing a total of approximately 95.73% of the shares and votes in the

The calculation of the number of Shares tendered in the Offer is preliminary and
remains subject to potential adjustments through a verification process
currently being undertaken by the receiving agent for the Offer. The final
result of the Offer will be announced once confirmed by the receiving agent.

The completion of the Offer remains subject to fulfilment or waiver by the
Offeror (in its sole discretion) of the closing conditions set out in the Offer
Document, other than the Minimum Acceptance condition as fulfilled on 8
September 2021, and the Regulatory Approvals Condition as fulfilled on 30
September 2021. None of the conditions that refers to events that shall not
occur have, to the Offeror's knowledge, occurred. The complete terms and
conditions for the Offer, including detailed information regarding settlement,
are set out in the Offer Document.

Settlement of the Offer shall take place no later than on 4 November 2021,
subject to the closing conditions for the Offer as further set out in section
1.6 (Conditions to the Offer) in the Offer Document being fulfilled or waived,
until settlement of the Offer. Detailed information regarding settlement is
further set out in the Offer Document.

For further information on the Offer, visit www.collaborate-to-scale.com.

ABG Sundal Collier, DNB Markets, Goldman Sachs International and Melesio are
acting as financial advisors to Nordax in the process. FCG Risk & Compliance AB
is acting as advisor on governance, risk and compliance to Nordax. Advokatfirman
Cederquist KB is acting as Swedish legal counsel and Advokatfirmaet Wiersholm AS
is acting as Norwegian legal counsel to Nordax.

Media relations
Oscar Karlsson, Brunswick Group

+46 709 62 78 42

About Nordax
Nordax Bank AB (publ) is a leading specialist bank in Northern Europe owned by
Nordic Capital Fund VIII and Sampo. Nordax has around 287,000 private customers
in Sweden, Norway, Finland, Denmark and Germany. 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 in Stockholm. 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 of 30 June 2021,
lending to the public amounted to SEK 30.1 billion and deposits amounted to SEK
28.4 billion.

Read more about Nordax on http://www.nordaxgroup.com.

Important notice
This press release is for informational purposes only and is not an offer to buy
or the solicitation of an offer to sell any securities. This press release and
any related documentation are not being distributed and must not be mailed or
otherwise distributed or sent in or into any country in which the distribution
would require any such additional measures to be taken or would be in conflict
with any law or regulation in such country - any such action will not be
permitted or sanctioned by Nordax.

Forward-looking information 
Statements in this press release relating to future status and circumstances,
including statements regarding future performance, growth and other projections
and whether the Offer will be completed, are forward-looking statements. These
statements may generally, but not always, be identified by the use of words such
as "anticipates", "expects", "believes", or similar expressions. By their
nature, forward-looking statements involve risk and uncertainty because they
relate to events and depend on circumstances that will occur in the future.
There can be no assurance that actual results will not differ materially from
those expressed or implied by these forward-looking statements due to many
factors, many of which are outside the control of Nordax. Any such
forward-looking statements speak only as of the date on which they were made and
Nordax has no obligation (and undertakes no such obligation) to update or revise
any of them, whether as a result of new information, future events or otherwise,
except for in accordance with applicable laws and regulations.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

05/25Bank Norwegian ASA Appoints Mats Benserud as CFO, Effective June 1, 2022
05/25Interim report January-March 2022 Nordax Bank AB
05/25Interim report January-March 2022 Nordax Holding AB
05/19CORRECTION : Tap issue in NOK senior unsecured bond
05/19Buyback of bonds
05/13Bank Norwegian ASA, a subsidiary within the Nordax Bank Group, publishes its interim re..
05/13Interim report for the first quarter 2022
05/13Bank Norwegian Asa Reports Earnings Results for the First Quarter Ended March 31, 2022
04/28Nordax Bank AB (publ) publishes the annual report and the sustainability report for 202..
04/27Bank Norwegian ASA, a subsidiary within the Nordax Bank Group, publishes its sustainabi..
More news
Duration : Period :
Bank Norwegian Asa Technical Analysis Chart | MarketScreener
Full-screen chart
Managers and Directors
Klara-Lise Aasen President, Chief Executive & Financial Officer
Hans Torsten Georg Larsson Chairman
Karstein Holen Chief Information Officer
Tore Andresen Chief Operating Officer
Frode Bergland Bj°rnstad Chief Legal & Compliance Officer