Key Developments: Sparebanken More (SPMO.OL)

SPMO.OL on Oslo Stock Exchange

217.00NOK
7:59am EST
Price Change (% chg)

kr0.00 (+0.00%)
Prev Close
kr217.00
Open
kr218.00
Day's High
kr218.00
Day's Low
kr215.00
Volume
922
Avg. Vol
6,496
52-wk High
kr222.00
52-wk Low
kr192.00

Search Stocks

Latest Key Developments (Source: Significant Developments)

Sparebanken More announces listing of new bond
Tuesday, 10 Jun 2014 02:20am EDT 

Sparebanken More:Announces listing of a new 800 million Norwegian crowns tap issue bond (ISIN: NO0010712391) on June 10.The interest accrual date is June 5.The bond matures on Sep. 5, 2017.Coupon rate is 2.24 percent p.a. (3-month NIBOR + 0.39 percent).Managers are Nordea Bank Norge ASA, Skandinaviska Enskilda Banken AB.  Full Article

Moody's affirms A3 rating on Sparebanken More but changes outlook to negative
Friday, 30 May 2014 03:50am EDT 

Sparebanken More:Says Moody's Investor Service has changed rating outlooks of Sparebanken More.Says A3 rating has been affirmed, while outlook was changed to negative from stable.The negative outlook reflects the risk implications for senior creditors as a result of new EU rules.  Full Article

Sparebanken More issues 800 million Norwegian crowns bond
Wednesday, 21 May 2014 02:24am EDT 

Sparebanken More:Issues a new bond of 800 million Norwegian crowns (a frame of 1,500 million Norwegian crowns).Maturity: June 5 to May 9, 2017.Coupon is 3 months NIBOR + 39bp.Facilitators for the loan are SEB Merchant Bank and Nordea Markets.  Full Article

Sparebanken More announces listing of NOK 300 mln bond issue
Wednesday, 30 Apr 2014 09:28am EDT 

Sparebanken More:Announces listing of Spb More 14/17 FRN new bond issue of 300 million Norwegian crowns, tap issue, on Oslo Bors on May 2.Maturity date March 31, 2017.Coupon rate 2.09 percent p.a. (three-month NIBOR + 0.37 percent).DNB Bank ASA, Markets and Danske Bank Markets have been Managers of the issue.  Full Article

Sparebanken More announces listing of NOK 400 mln bond issue
Wednesday, 30 Apr 2014 08:18am EDT 

Sparebanken More:Announces listing of Spb Møre 14/17 2,40% new bon issue of 400 million Norwegian crowns, tap issue, on Oslo Bors on May 2.Maturity date March 31, 2017.Coupon rate 2.40 percent p.a.DNB Bank ASA, Markets and Danske Bank Markets has been Managers of the issue.  Full Article

Sparebanken More sells shares in Nets Holding A/S
Monday, 24 Mar 2014 04:35am EDT 

Sparebanken More:Sells its shares (0.8567 pct) in Nets Holding A/S to a consortium consisting of Advent International, ATP and Bain Capital.Says cash consideration of the sale will increase the total income in the amount of about 145,5 million Danish crowns, equivalent to 161,5 million Norwegian crowns based on todays exchange rate.The transaction is subject to approval by the authorities and is expected to be completed Q2 2014.  Full Article

Sparebanken More proposes FY 2013 dividend
Thursday, 30 Jan 2014 02:00am EST 

Sparebanken More:Proposes a dividend payment of 8.00 Norwegian crowns per equity certificate for the fiscal year 2013.  Full Article

Sparebanken More Updates on Repair Offering
Friday, 30 Aug 2013 02:44am EDT 

Sparebanken More announced that the subscription period in the Repair Offering and the Employee Offering in the Company expired on August 29, 2013 at 16:30 hours (CET). The preliminary count shows that by the expiry of the subscription period the Repair Offering was fully subscribed with 540,541 new equity certificates, corresponding to NOK 100 million in gross proceeds. The preliminary count of the Employee Offering shows that the employees subscribed for a total of approximately 18,810 new equity certificates distributed on 64 employees. The overall subscribed amount is about NOK 3.5 million in gross proceeds. The final allocation of equity certificates subscribed in the Repair Offering and the Employee Offering will be decided by the Board of Directors of the Company on August 30, 2013. The allocation will be carried out in conformity with the allocation criteria set forth in the prospectus dated August 13, 2013. The final subscription result will be announced on August 30, 2013, and at the same time there will be sent letters concerning the allocation of equity certificates and the corresponding subscription amount to be paid by each subscriber. Pareto Securities AS acts as manager for the offerings.  Full Article

Sparebanken More Announces Repair Offering and Employee Offering
Thursday, 13 Jun 2013 01:58pm EDT 

Sparebanken More announced that based on received applications, the Board of Directors has on June 13, 2013 decided to propose that the Board of Trustees resolves a Private Placement of 1,486,487 new Equity Certificates (ECs), each with a nominal value of NOK 100, at a subscription price of NOK 185. The gross proceeds in the Private Placement will thus be NOK 275 million. The Private Placement was oversubscribed. The Board has decided to propose that the Board of Trustees resolves a subsequent Repair Offering of up to 540,541 ECs at a subscription price of NOK 185 with gross proceeds of up to NOK 100 million, with non-transferable allocation rights to EC holders per June 13, 2013 (as registered in VPS per June 18 2013), except for (i) EC holders having been invited to apply for ECs in the Private Placement prior to the start of the application period and (ii) EC holders allocated ECs in the Private Placement. Further, the Board of Directors will propose that the Board of Trustees resolves an offering of up to 54,054 ECs at a subscription price of NOK 185 with gross proceeds of up to NOK 10 million, directed towards Members and Deputy Members of the Board of Directors and the employees in Sparebanken More (Employee Offering).  Full Article

Sparebanken More Plans Issue of Equity Certificates
Thursday, 13 Jun 2013 02:48am EDT 

Sparebanken More announced that it has engaged Pareto Securities AS as manager for a potential issue of Equity Certificates (ECs) with gross proceeds of NOK 200 million to 275 million, directed towards selected Norwegian and international investors. The subscription price in the Private Placement will be set between NOK 185 and NOK 195 per EC. Final subscription price and offer size will be determined on the basis of a book- building process. Binding commitments have been received from large existing EC holders and Norwegian institutional investors for subscription of NOK 227 million in the Private Placement. The application period for the Private Placement starts on June 13, 2013 at 9:00 a.m. CET and ends on June 13, 2013 at 4:30 p.m. CET. Sparebanken More reserves the right (in its sole discretion and without notice) at any time to shorten, extend or terminate the application period.  Full Article

BRIEF-Sparebanken More Q3 net interest income up to NOK 274 mln

* Q3 net interest income 274 million Norwegian crowns versus 267 million crowns

Search Stocks