Lea bank ASA - Merger with Lea finans AB (to be renamed Lea Bank AB)

21 Aug 2024 18:46 CEST

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: ir@leabank.no

More information:
Access the news on Oslo Bors NewsWeb site

625862_Fusjonsplan_Lea_Bank_AB_og_Lea_bank_ASA.pdf
625862_Information_related_to_the_proposed_merger.pdf