Company announcement
Announcement no. 18/2019
Reduction of share capital completed
The approved proposal from the Board of Directors at the Annual General Meeting held on 21 March 2019 to reduce BankNordik’s share capital by 400,000 shares, acquired under BankNordiks share buy-back programmes, has been finalised.
The statutory notice expired without any claims and the Faroese Company Registration Authority has amended BankNordiks share capital accordingly. Following the capital reduction, BankNordik’s nominal share capital is DKK 192,000,000.
The capital reduction will be registered by Nasdaq Copenhagen on 26 April 2019.
Further information:
Árni Ellefsen, CEO, tel. (+298) 230 348
BankNordik has banking activities in Denmark, Greenland and the Faroe Islands and insurance activities in the Faroe Islands. Founded in the Faroe Islands more than a century ago, the Group has total assets of DKK 16.7bn and 385 employees. The Bank is subject to the supervision of the Danish Financial Supervisory Authority and is listed on Nasdaq Copenhagen.