Norwegian Finans Holding ASA refers to earlier communication to the market regarding payments to the shareholders in the form of acquisition of own shares and dividend payments. NOFI does not, after instruction from the Financial Supervisory Authority of Norway, expect to pay dividend based on interim financial accounts for 2018. Any dividend payments based on interim financial accounts must await legal clarification on whether a financial institution being a Norwegian public limited liability company is free to use of the option under the Norwegian Public Limited Liability Companies Act to pay dividend based on interim accounts, since this matter is not clarified under the Financial Institutions Act 2015.
Any distributions to the shareholders before the said legal issue has been solved, depends on the result of a current dialogue between NOFI and the Financial Supervisory Authority with respect to any capital buffer requirements above the current requirement for common equity tier 1 capital for Bank Norwegian at 15.7 %.
This information is subject to disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.
For further information, please contactCFO 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