Sparebanken Vest Eyes Employee Bonus Scheme Stock

Sparebanken Vest (SPIZF) has released an update.

Sparebanken Vest is partnering with Norne Securities AS to potentially purchase up to 250,000 of its own equity certificates, intended for use in its employee savings and bonus program. The purchase process, structured as a reverse bookbuilding, will accept sell orders from equity holders until September 4, 2024, with settlement expected shortly thereafter. This move follows the authorization from the Bank’s general meeting and the Financial Supervisory Authority of Norway.

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