Trøndelag Sparebank lists on Euronext Oslo Børs

• Market capitalisation of approximately NOK 478 million

• The 49^th listing on Euronext in 2024 and the 12^th listing on Euronext Oslo Børs’ markets

Oslo– 18 December 2024 – Euronext today congratulates Trøndelag Sparebank (ticker: TRSB) on its listing on Euronext Oslo Børs. This marks the 12^th listing on Euronext Oslo Børs’ markets in 2024 and the 49^th on Euronext. 

Trøndelag Sparebank was established in 2023 through the merger of Åfjord Sparebank and Hemne Sparebank. The bank traces its roots back to 1864, and operates offices in Ørland, Frøya, Hitra, Heim, Trondheim, and Åfjord. It offers traditional banking services to private individuals and the local business community. 

The bank conducted a rights issue, which resulted in a total of 1,202,810 equity certificates, a type of ownership stake unique to Norwegian savings banks, being subscribed. The issue was oversubscribed by 27%. Additionally, an employee offering was completed, with 18,000 equity certificates being subscribed. 

At market opening today, the equity certificates were priced at NOK 100, giving Trøndelag Sparebank an initial market capitalisation of approximately NOK 478 million. 

Tor Espnes, CEO Trøndelag Sparebank, said: “This is a great day and an important milestone in the bank's history. The listing on Euronext Oslo Børs marks the bank's growth and development in recent years. We will continue to create value for our customers, owners and the community around us. Today is a day for pride among all employees, and we are eager to take the work we`ve started to the next level.”

Caption: Tor Espnes, CEO of Trøndelag Sparebank, and his team rang the bell today to celebrate the company’s listing on Euronext Oslo Børs. The company was welcomed by Eirik Høiby Ausland, Head of Listings Nordic of Euronext. (Photo: Thomas Brun | NTB).

About Trøndelag Sparebank

Trøndelag Sparebank is an independent financial institution, with strong roots from the Trøndelag coast. The bank is built on a 160-year heritage from Hemne Sparebank and Åfjord Sparebank, which merged on April 3, 2023. The bank delivers traditional banking services tailored to the needs of private individuals and local businesses. In addition, the bank operates through its subsidiaries Trøndelag Regnskap AS, Trøndelag Økonomi & HR AS, and Kystregionen Eiendomsmegling AS. Trøndelag Sparebank plays a significant role in the development and value creation in the region. The bank contributes to the local community through active involvement and financial support for local projects. Sustainability and responsibility are the foundation of the bank's operations, with a focus on long-term value creation for customers, employees and owners. For more information, please visit the Trøndelag Sparebank website trondelagsparebank.no. 

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