Derivatives: Anticipated adjustment in Norwegian Finans Holding due to merger with Bank Norwegian (102/21)
The following information is based on a press release from Norwegian Finans Holding ASA (Norwegian Finans Holding) published on May 11, 2021 and may be subject to change.
The Boards of Directors of Norwegian Finans Holding and Bank Norwegian ASA (Bank Norwegian) have agreed upon the combination of the two companies through a merger whereas shareholders of Norwegian Finans Holding will receive one (1) new share of the Bank Norwegian for every one (1) share held in Norwegian Finans Holding. The merger plan will be presented to the shareholders at the Extraordinary General Meeting (EGM) scheduled for June 4, 2021 for re-approval. The merger is expected to be completed on July 21, 2021.
Nasdaq Derivatives Markets will carry out a re-calculation of existing options, regular and gross return futures/forwards in Norwegian Finans Holding (NOFI). Underlying ISIN, underlying code as well as series name will be changed.
For further information, please see the attached file.
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