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Lea Bank ASA

M&A Activity Oct 22, 2024

3652_rns_2024-10-22_39b65527-be86-4e08-95b6-d96d1cf10f25.html

M&A Activity

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Lea bank ASA - The Norwegian FSA has granted necessary approval for the merger of Lea bank ASA and Lea Bank AB

Lea bank ASA - The Norwegian FSA has granted necessary approval for the merger of Lea bank ASA and Lea Bank AB

Reference is made to previous stock exchange announcements on 21 August 2024 and

26 September 2024, regarding the merger between Lea bank ASA and Lea Bank AB, as

approved by the Board of Directors and the General Meeting.

The implementation of the merger was conditional upon, amongst other, required

permissions and approvals from the Swedish and Norwegian Financial Supervisory

Authorities (FSA). The Norwegian FSA has now granted the necessary approval for

the execution of the merger between Lea bank ASA and Lea Bank AB. The merger is

still depending on the approval from the Swedish FSA.

Lea Bank AB holds a Swedish banking license and will be the surviving entity in

the merger.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Contact information:

Oddbjørn Berentsen, CEO

Phone: +47 22 99 14 00

Email: [email protected]

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