01 Jul 2024
NOBA BANK GROUP AB (PUBL) ANNOUNCES THAT THE MERGER BETWEEN NOBA BANK GROUP AB (PUBL), NOBA GROUP AB (PUBL) AND NOBA HOLDING AB (PUBL) HAS BEEN COMPLETED
With reference to previous announcements regarding the intra-group merger between NOBA Bank Group AB (publ) (“NOBA Bank Group”), NOBA Group AB (publ) (“NOBA Group”) and NOBA Holding AB (publ) (“NOBA Holding”), NOBA Bank Group hereby announces that the merger today, on July 1, 2024, has been registered with the Swedish Companies Registration Office (Bolagsverket) and thereby has been completed.
The merger was implemented with NOBA Bank Group as the surviving company and NOBA Group and NOBA Holding as the transferring companies and both the transferring companies have thereby been dissolved. The business operations of the group will not be affected by the merger and will continue unaffected.
As a consequence of the merger being completed, NOBA Bank Group has assumed the position as issuer of the bonds previously issued by NOBA Holding and has assumed all obligations and liabilities thereunder. The bonds which have been assumed by NOBA Bank Group are the Additional Tier 1 bonds with ISIN NO0011134462, and the subordinated Tier 2 bonds with ISIN NO0011134470.
For further information please contact:
CFO/IR
Patrick MacArthur, CFO, NOBA
E-mail: ir@noba.bank
Media:
Cari Hårderup, Head of Communications & ESG, NOBA
E-mail: press@noba.bank
About NOBA Bank Group
With a diversified offering through three brands, Nordax Bank, Bank Norwegian and Svensk Hypotekspension – as well as two million customers – we have the size, skill, and scalability to enable healthier finances for even more people. NOBA creates specialized, customer-centric financial offerings that are sustainable for individuals, the bank and society at large, today and tomorrow. NOBA Bank Group AB (publ) (“NOBA”) is owned by Nordic Capital Fund IX, Nordic Capital Fund VIII and Sampo. NOBA has approximately 630 employees and is active in eight countries.
As of March 31, 2024, lending to the public amounted to SEK 114.4 billion and deposits totaled SEK 105.2 billion.
Read more about NOBA and our brands at www.noba.bank.
The information was sent for publication, through the agency of the contact persons set out above, on July 1, 2024, at 12:15 p.m. CET.