Lea bank ASA - Merger with Lea finans AB (to be renamed Lea Bank AB)
The boards of directors of Lea bank ASA and its wholly owned subsidiary Lea finans AB (to be renamed Lea Bank AB) have today signed a merger plan for the merger of Lea finans AB (as the surviving entity) and Lea bank ASA. At completion of the merger, Lea finans AB will acquire all assets and rights and assume all obligations of Lea bank ASA, and at the same time, Lea bank ASA will be dissolved as a legal entity.
The implementation of the merger is conditional upon, amongst other, required permissions and approvals from the general meeting in Lea bank ASA, Swedish Financial Supervisory Authority and Norwegian Financial Supervisory Authority, and approval from Nasdaq Stockholm for listing of shares on Nasdaq First North Premier Growth Market.
Lea finans AB has started the application process for a listing on Nasdaq First North Premier Growth Market. The plan is to de-list Lea bank ASA from Oslo Børs at the time of the merger, and list Lea finans AB on Nasdaq Stockholm as soon as possible thereafter. The shareholders of Lea bank ASA shall receive one (1) new share in Lea finans AB for each share they own in Lea bank ASA. This means that it will be an exchange ratio of 1:1.
An extraordinary general meeting in Lea bank ASA for approval of the merger plan and adoption of the necessary resolutions in connection with the merger is expected to be held ultimo September 2024. Notice to the extraordinary general meeting will be distributed in due course.
The merger plan and a presentation regarding the proposed merger are enclosed.
Documents related to the proposed merger can be found at leabank.no/about-us/investor-relations/merger-plan
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contact information:
Oddbjørn Berentsen, CEO
Tel: +47 22 99 14 00
Email: [email protected]
