Bien Sparebank ASA (OB:BIEN) commences share repurchases on March 29, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 29, 2023. As per the mandate, the company is authorized to repurchase its own shares, with a total nominal value corresponding to 2.05% of the company?s share capital for a total nominal value of NOK 4 million. The shares shall be repurchased at a minimum price of NOK 50 per share and at a maximum price of NOK 150 per share.

The repurchased shares will be used for subsequent write-down of the share capital with the consent of the General Meeting, for incentive programs or as settlement in any acquisition of businesses. The authorization shall be valid until the next Annual General Meeting, however no longer than March 31, 2024. As of March 8, 2023, the company had 5,680,198 issued shares and had no shares in treasury.