Sparebanken Møre : Møre - Offer to buy back Equity Capital Certificates

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. Sparebanken Møre ('MORG' or the 'Company') has decided to initiate a share buyback for up to 25,000 equity capital certificates ('ECCs'). The buyback will be conducted as a reverse book building process in which holders of ECCs can submit sales offers. The Company is at the release of the offer not in possession of material non-public information regarding the Company. The book building period commences Monday 25 November at 09.00 (CET) and is expected to close at 16:30 (CET) on 27 November 2019. The Company reserves the right to accept sales offers received after the end of the book building period, as well as to extend the book building period at any time in its sole discretion. Sales offers are irrevocable and cannot be withdrawn. However, if the book building period is extended, sales offers can be withdrawn up until the expiry of the extended book building period. Any repurchased ECCs will be held as treasury ECCs as well as for distribution to employees as a result of the Board's decision on bonus based on the Bank's results. Arctic Securities AS ('Arctic') is acting as bookrunner in connection with the buyback and shareholders wanting to sell shares can contact Arctic at phone: +47 22 93 72 41/+47 22 93 72 42. In the event that the total number of received sales offers exceeds 25,000 ECCs at the price accepted, the Company will perform a pro-rata reduction of sales offers. The buyback will be based on the authorisation provided by the General Assembly 20 March 2019 and the Norwegian Financial Supervisory Authority on 20 May 2019. For further information, please contact Ove T. Ness; phone: +47 70 11 31 74 / mob 957 62 524 This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions, and the buyback is not made in any jurisdiction in which this would be unlawful, require registration or other measures. MORG does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the 'United States') or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported sales offer.