SPAREBANKEN VEST

SVEG
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103NOK -1.15%

Program for acquisition of equity certificates for employees of Sparebanken Vest

10/27/2021 | 10:37am

The Board of Directors of Sparebanken Vest has renewed a program for group
employees for acquisition of equity certificates in the bank (the
«SVEG-program»). The purpose of the SVEG-program is to motivate employees to
ownership and to take part in the future financial development of the bank.
According to the SVEG-program, employees are invited to acquire equity
certificates at a discount and subject to lock-up. The lock-up period is 36
months The maximum allowed investment is as follows: - Employees: NOK 40.000 -
Level 2-directors: Up to NOK 100.000 - Executive management: Up to NOK 300.000
The offer under the SVEG-program is in addition to the bank's ordinary savings
program (the «Savings program») for group employees.

Bergen, 27 October 2021
Sparebanken Vest


For further information, contact:
CEO, Jan Erik Kjerpeseth, tel.: +47 951 98 430 and e-mail: jan.kjerpeseth@spv.no
CFO,
Frank Johannesen, tel.: +47 952 65 971 and e-mail: frank.johannesen@spv.no
Director of Finance and IR, Hans Olav Ingdal, phone: +47 948 09 328 og e-mail:
hans.ingdal@spv.no


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