The Board of Gjensidige Forsikring ASA has decided to continue the share savings
scheme for employees. Through the scheme, the company offers employees of the
company, its branches in Denmark and Sweden and subsidiaries in Norway to buy
shares in the company. The purpose of the scheme is to increase our employees'
interest for the company's goals and performance through owning shares. The
scheme is also part of the company's strategy of motivating, rewarding, and
retaining employees. The Board wishes the scheme to become a permanent part of
the company's employee incentive scheme. The general meeting will nevertheless
consider the acquisition of shares every year and decide whether to continue the
scheme.
The offer for 2025
The company will offer a share savings scheme based on a maximum annual savings
amount (DKK 90,000 for Denmark and NOK 100,000 for Norway and Sweden) that is
financed by a monthly deduction from salary. The company will contribute with 25
per cent of the agreed yearly amount invested, limited upwards to NOK 7,500 per
year. After two years of ownership, and provided the person is still employed
with Gjensidige, the company will allocate one bonus share for every fourth
share bought in connection with this offer. The purchase of shares will take
place through DNB on the day or days following publication of the interim
accounts. The first purchase will take place after the publication of the 1st
quarter 2025 interim report. The purchase price and the number of shares
acquired by the company will be reported in accordance with the applicable
regulations. Employees will be allocated shares at the purchase price, adjusted
for the discount.
Attached to this release is information about the subscriptions in the share
savings scheme for 2025 made by primary insiders. The subscribed amount
disclosed is the total amount for 2025. The purchase price and the number of
shares will be reported each time allocation has been made.
Background
At the annual general meeting on 20 March 2024, the general meeting provided the
Board with the following authorisation to acquire shares on behalf of the
company for the purpose of implementing and executing the Group's share savings
scheme (as approved by the board) and remuneration scheme for executive
employees (in accordance with the remuneration regulations and the remuneration
policy adopted by the Board):
"The Board was authorised to acquire Gjensidige shares in the market on behalf
of the Company, cf. Section 9-4 of the Public Limited Liability Companies Act.
The authorisation can be used to purchase own shares with a total nominal value
of up to NOK 2,000,000, corresponding to 1,000,000 shares with a nominal value
of NOK 2.
The minimum and maximum amounts that can be paid per share are NOK 20 and NOK
375, respectively. Within these limits, the Board decides at what price and at
what times such acquisition shall take place.
The acquisition of shares in accordance with the authorisation can only be used
for sale and transfer to employees of the Gjensidige Group as part of the
Group's share savings programme or to executive personnel in accordance with the
remuneration regulations.
The Board is free to acquire and sell shares in the manner that the Board finds
expedient, such, however, that general principles concerning equal treatment of
shareholders are adhered to."
The authorisation is valid until 30 June 2025.
This information is subject to disclosure under the Norwegian Securities Act
section §5-12.
Contact details, Gjensidige Forsikring ASA:
Head of Investor Relations: Mitra H. Negård, Tel: +47 957 93 631
Head of Communication: Øystein Thoresen, Tel: +47 952 33 382
Gjensidige is a leading Nordic insurance group listed on the Oslo
Stock Exchange. We have about 4,500 employees and offer insurance products in
Norway, Denmark, Sweden and the Baltic states.In Norway, we also offer pension
and savings. The Group's operating income was NOK 36 billion in 2023, while
total assets were NOK 148 billion.