Finanstilsynet (FSA) recommends that SpareBank 1 SR-Bank can be converted to ASA
(Thomson Reuters ONE) -
Finanstilsynet (FSA) has on the 17th of March 2011 recommended the Ministry of
Finance to grant SpareBank 1 SR-Bank permission to convert to a limited
liability company (ASA) and the establishment of the "Savings Bank Foundation
SpareBank 1 SR-Bank" which will receive the shares not allocated to owners of
the equity certificates.
Please also refer to press release from the FSA dated 18th of March 2011.
The Supervisory Board of SpareBank 1 SR-Bank decided unanimously on the 25th of
November 2010 to apply the authorities for such a permit.
The bank's strong development over many years has been crucial to provide the
region's companies and consumers with necessary capital for corporate and
housing purposes. A profitable and financially sound bank with good access to
both equity and debt, will be of great importance for continued growth and
development in the region.
The final permit is conditioned upon approval from the Ministry of Finance.
Stavanger, 18th of March 2011
For further details, please contact:
Arne Austreid, Chief Executive Officer, phone +47 900 77 334
Inge Reinertsen, Chief Financial Officer, phone + 47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, phone
+47 480 31 633
Vidar Torsøe, Vice President, Investor Relations, phone +47 970 80 656
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SpareBank 1 SR-Bank via Thomson Reuters ONE
[HUG#1497911]
Unternehmensinformation / Kurzprofil:
Datum: 18.03.2011 - 08:50 Uhr
Sprache: Deutsch
News-ID 52555
Anzahl Zeichen: 2188
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Finanstilsynet (FSA) recommends that SpareBank 1 SR-Bank can be converted to ASA"
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