Morrow Bank MOBA - (tidl Komplett Bank (KOMP))

[Christian]

• Write-down and restructuring costs of MNOK 105 mainly driven by IT platform optimisation

• Profit after tax was NOK -88.7 million, down from NOK 18.0 million in the previous quarter as higher total income was more than offset by the write-down, restructuring costs and higher loan losses Ahead of schedule for delivering on 2024 growth and efficiency ambitions

Så, fortsatt stygge tall, skriver ned verdier. Når man kommer til 2024, så ser tallene sikkert kjempebra ut, fordi de i stedet for å skrive ned utgifter lineært har tatt nedskrivingene i 2022. Spørsmålet er jo om det man ser da er reelt, eller bare surr? Jeg vet ikke.

Minner meg om Kongsberg Automotive som skrev ned investeringer i bilbransjen over ørten år også plutselig, skrev de ned 1 mrd og holdt på å gå konkurs. Hvis man bare så på tallene overfladisk, så virket jo P/E på 6 svært bra. Det hjelper ikke når de har feid ting under teppet.

Problemet til Komplett Bank er jo at de nok i en god del år framover kommer til å være priset med lavere multipler enn konkurrentene fordi de har en elendig historikk.

[Hallakis]

Kan være jeg tenker heelt natta nå, men uten nedskrivinger på 105mnok så ville PAT endt på 15-20mnok. Som ikke er mye å rope hurra for med en usikret lånebok på 10mrd.

[TekBot]

Mandatory notification of trade

The following primary insiders in Komplett Bank ASA (the “Bank”) have in accordance with the Bank’s share option plan exercised stock options as set out below:

Annika Ramstedt, Chief Credit Risk Officer, has exercised options to subscribe for 20,298 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 1.14 per share. Following the transaction Annika Ramstedt and close associates hold 148,422 shares and 306,521 stock options in Komplett Bank ASA.
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Wilhelm B. Thomassen, Chief Operating Officer, has exercised options to subscribe for 21,542 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.59 per share. Following the transaction Wilhelm B. Thomassen and close associates hold 1,903,911 shares and 336,322 stock options in Komplett Bank ASA.

Jonna Kyllönen, Board member, has exercised options to subscribe for 3,000 shares in Komplett Bank ASA at a subscription price per share of NOK 1.00 plus a variable element equivalent to the social security tax at the date of exercise of NOK 0.59 per share. Following the transaction Ove Holstangen and close associates hold 9,343 shares and 17,200 stock options in Komplett Bank ASA.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Henning Fagerbakke, Head of Finance, Komplett Bank ASA, on 28 February 2023 at 17:52 CET.

Kilde

[TekBot]

Interest Adjustment

Det er fastsatt ny Obligasjonsrente for NO0010941131.
Ny Obligasjonsrente i Renteperioden 03.03.2023 - 05.06.2023 er 8.26.
Ticker: KOMP05 PRO
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Den nye Obligasjonsrenten og Renteperioden er fastsatt i henhold til Obligasjonsavtalen.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee)

Kilde

[TekBot]

Komplett Bank ASA – Mandatory notification of trade and disclosure of significant shareholding

Reference is made to the stock exchange announcement by Komplett Bank ASA (the “Company”) earlier today regarding the extraordinary general meeting’s approval of the share capital increase pertaining to the private placement of 18,181,818 new shares (the “Private Placement”).

As a result of the general meeting’s approval of the Private Placement, Kistefos AS, a close associate of the Company’s board member Nishant Fafalia, has subscribed for 4,545,454 new shares. In addition, Kistefos AS has loaned out 13,636,364 shares in the Company to Pareto Securities to facilitate DVP settlement in the Private Placement, which will be redelivered upon registration of the share capital increase pertaining to the Private Placement and delivery in the VPS.
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Notification forms for the above-mentioned transactions are attached to this release.

Taking into account the shares subscribed in the Private Placement and the share lending, Kistefos AS has temporarily reduced its notifiable holding to 29,516,375 shares, which represents respectively 15.73% and 14.34% of the share capital of the Company before and after registration of the share capital increase pertaining to the Private Placement.

The notifiable holding of Kistefos AS on a consolidated basis, which includes the holdings of Kistefos Investment AS, is temporarily reduced to 36,834,555 shares, which represents respectively 19.64% and 17.90% of the share capital of the Company before and after registration of the share capital increase pertaining to the Private Placement.

After the registration of the share capital increase pertaining to the Private Placement and re-delivery of the borrowed shares, Kistefos AS will have a total notifiable holding of 43,152,739 shares in the Company, representing 20.97% of the share capital of the Company. The consolidated notifiable holding of Kistefos will be 50,470,919 shares, representing 24.53% of the share capital of the Company.

The notifiable holdings referred to above include forward contracts held by Kistefos AS for 2,860,000 shares and by Kistefos Investment AS for 6,100,000 shares as previously disclosed.

Kilde

[TekBot]

Komplett Bank ASA: Mandatory notification of trade

Reference is made to the stock exchange issued by Komplett Bank ASA (the “Company”) earlier today where it was announced that the Extraordinary General Meeting of Komplett Bank ASA had approved the (i) share capital increase pertaining to the issue of 18,181,818 shares in the private placement that was successfully placed on 16 February 2023, and (ii) the issuance of 5,250,000 warrants to certain members of the Company’s management.

The following persons discharging managerial responsibilities (“PDMRs”) have subscribed for the following number of shares in the Private Placement (partially through close associates) and warrants:
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• Stig Eide Sivertsen, Chairman of the Board, has subscribed for a total of 100,000 shares
• Bodil Palma Hollingsæter, board member, has subscribed for a total of 140,000 shares
• Anna Karin Østlie, board member, has subscribed for a total of 90,909 shares
• Thomas Bjørnstad, board member, has subscribed for a total of 72,727 shares
• Nishant Fafalia, board member, has subscribed for a total of 41,818 shares
• Øyvind Oanes, Chief Executive Officer, has subscribed for a total of 72,727 shares and 1,250,000 warrants
• Eirik Holtedahl, Chief Financial Officer, has subscribed for a total of 636,363 shares and 800,000 warrants
• Wilhelm B. Thomassen, Chief Operating Officer, has subscribed for a total of 45,454 shares and 800,000 warrants
• Martin Valland, Chief Technology Officer, has subscribed for a total of 36,363 shares and 800,000 warrants
• Enok Hanssen, Chief Commercial Officer, has subscribed for a total of 9,090 shares and 800,000 warrants
• Annika Ramstedt, Chief Credit Risk Officer, has subscribed for a total of 800,000 warrants

Please see the notification form for the transactions attached to this release.

For further information, contact ir@komplettbank.no:

Øyvind Oanes, CEO Komplett Bank ASA
+47 989 06 060
Eirik Holtedahl, CFO
+47 969 12 291

Kilde

[TekBot]

Komplett Bank ASA: Minutes from the Extraordinary General Meeting

An Extraordinary General Meeting of Komplett Bank ASA was held today, on Friday 10 March 2023. All proposals on the agenda were adopted in accordance with the proposals in the notice dated 17 February 2023.

The minutes from the general meeting is enclosed to this notice and will also be made available at the web-page of Komplett Bank ASA.
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For further information, please contact:

Eirik Holtedahl, CFO
Tel: +47 96 91 22 91
E-mail: ir@komplettbank.no

Kilde

[TekBot]

Meldepliktig handel - flagging

AlfaB I AS, et selskap eid av Raimond Pettersen og nærstående, har i forbindelse med kapitalutvidelse i Komplett Bank ASA, som ble vedtatt gjennomført på ekstraordinær generalforsamling i Komplett Bank i dag 10. mars 2023, blitt tildelt 885 000 aksjer. Oppgjør av de tildelte aksjene planlegges gjort 14. mars 2023 ved bruk av allerede utstedte aksjer innlånt av tilrettelegger for kapitalutvidelsen, og vil således være omsetningsbare før kapitalutvidelsen er registrert i Foretaksregisteret og de nye aksjene er utstedt.

AlfaB I AS eier etter tildelingen 9 996 492 aksjer, tilsvarende en eierandel på 5,33% av Komplett Bank ASAs allerede utstedte aksjer på tildelingstidspunktet mot 9 111 492 aksjer og 4,86% eierandel før tildelingen. I tillegg eier Raimond Pettersen 145 997 aksjer, tilsvarende en eierandel på 0,08%, og har videre 37 123 innløste aksjeopsjoner der aksjer pt ikke er utstedt, tilsvarende 0,02% eierandel. Konsolidert eies etter tildelingen 10 142 489 aksjer og 37 123 innløste aksjeopsjoner der aksjer pt ikke er utstedt, tilsvarende en konsolidert eierandel på 5,41% og 5,43% når innløste aksjeopsjoner medregnes, mot en konsolidert eierandel før tildelingen på 4,93% og 4,95% når de innløste aksjeopsjonene medregnes.
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Når aksjekapitalutvidelsen som ble vedtatt på ekstraordinær generalforsamling i Komplett Bank ASA 10. mars 2023 er blitt registrert i Foretaksregisteret, vil AlfaB I AS få endret eierandel i Komplett Bank ASA ved at de nyutstedte aksjene i Komplett Bank ASA tas med i beregningen. Eierandelen for AlfaB I AS etter registreringen av kapitalforhøyelsen ventes da bli 4,86% mot 5,33% før registreringen. Konsolidert eierandel for AlfaB I AS og Raimond Pettersen ventes da være 4,93% mot 5,41% før registreringen. I tillegg eier Raimond Pettersen 37 123 aksjeopsjoner som er innløst, men der aksjer pt ikke er utstedt. Inklusive disse opsjonene ventes konsolidert eierandel bli 4,95% mot 5,43% før registreringen.

Etter kapitalforhøyelsen eier AlfaB I AS 9 996 492 aksjer og Raimond Pettersen eier 145 997 aksjer og 37 123 aksjeopsjoner, til sammen 10 142 489 aksjer og 37 123 aksjeopsjoner.

Kilde

[TekBot]

Komplett Bank ASA: Non-executive Director Nishant Fafalia resigns from the Board of Directors

Non-executive Director Nishant Fafalia has accepted a new position as Interim CEO of Advanzia Bank S.A., Luxembourg. As this position will require significant time from Mr. Fafalia he has informed Komplett Bank ASA that he resigns from the Banks Board of Directors with immediate effect. The Bank will hold its Annual General Meeting on 13 April 2023.
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Kilde

[TekBot]

Komplett Bank ASA: Annual Report 2022

The annual report of 2022 was approved by the Board of Directors on 15 March 2023 and is enclosed to this announcement.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Henning Fagerbakke, Head of Finance, Komplett Bank ASA, on 16 March 2023 at 08:00 CET.
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Kilde

[TekBot]

Komplett Bank ASA: New share capital registered

Reference is made to the stock exchange announcement by Komplett Bank ASA (the “Company”) on 10 March 2023 regarding the extraordinary general meeting’s approval of the share capital increase related to the private placement that was successfully placed on 16 February 2023. The share capital increase pertaining to the issuance of the 18,181,818 new shares has today been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret).

Following this, the Company’s registered share capital is NOK 205,776,306 divided into 205,776,306, each with a nominal value of NOK 1.00.
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For further information, please contact:

Eirik Holtedahl, CFO
Tel: +47 96 91 22 91
E-mail: ir@komplettbank.no

Kilde

[TekBot]

Meldepliktig handel - flagging

Det vises til melding 10. mars 2023 om utløst flaggeplikt for 885 000 aksjer tildelt til AlfaB I AS, et selskap eid av Raimond Pettersen og nærstående, i forbindelse med aksjekapitalutvidelse i Komplett Bank ASA.

Aksjekapitalutvidelsen som ble vedtatt på ekstraordinær generalforsamling i Komplett Bank ASA 10. mars 2023 er i dag, 17. mars 2023, blitt registrert i Foretaksregisteret. Som følge av dette har AlfaB I AS, et selskap eid av Raimond Pettersen og nærstående, fått endret eierandel i Komplett Bank ASA. Eierandelen for AlfaB I AS etter registreringen av kapitalforhøyelsen er 4,86% mot 5,33% før registreringen. Konsolidert eierandel for AlfaB I AS og Raimond Pettersen er 4,93% mot 5,41% før registreringen. I tillegg eier Raimond Pettersen 37 123 aksjeopsjoner som er innløst, men der aksjer pt ikke er utstedt. Inklusive disse opsjonene er konsolidert eierandel 4,95% mot 5,43% før registreringen.
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Etter kapitalforhøyelsen eier AlfaB I AS 9 996 492 aksjer og Raimond Pettersen eier 145 997 aksjer og 37 123 aksjeopsjoner, til sammen 10 142 489 aksjer og 37 123 aksjeopsjoner.

Kilde

[TekBot]

Komplett Bank ASA: Notice of annual general meeting

Komplett Bank ASA has today convened its annual general meeting, which will be held on 13 April 2023 at 10:00 CEST in Vollsveien 2a, Lysaker, Norway.

This information is published pursuant to the requirements set out in the Continuing obligations.
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Kilde

[Turnaround]

Med p/b på under 0,5x nå synes jeg denne begynner å bli ekstremt attraktiv

[pleximus83]

“Ekstremt” var da litt vel å ta i da…

[nordpolen]

Med over 9 mrd netto utlån og beskjedne tapsavsetninger er det nok greit å være oppmerksom på at marginen de har mot tier 1-kravene ikke tillater særlig mye vekst i kombinasjon med økt mislighold.

Hva som er billig er litt mer komplisert enn P/B.

[TekBot]

Increase of Share Capital Registered

Share capital increase by monetary contribution related to exercise of share options by employees to subscribe for 721,874 shares and resolution to increase the share capital dated 29 March 2023 has now been registered with the Norwegian Register of Business Enterprises. The share options are exercised in accordance with the terms of the employee stock option plan. Following the issuance of the new shares, the share capital of Komplett Bank ASA is NOK 206,498,180 consisting of 206,498,180 shares, each of par value NOK 1.00.
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Kilde

[TekBot]

Mandatory Notification

In connection with the Annual General Meeting scheduled for 13 April 2023 (the “AGM”), chairman of the board of directors, Stig Eide Sivertsen, has received proxies without voting instructions representing 11,506,332 shares and votes, equal to 5.6% of all issued shares and votes. The proxies are valid only for the AGM. In addition, Mr. Sivertsen controls, directly, a total of 300,000 shares and votes which, together with received proxies, means that Mr. Sivertsen controls 11,806,332 shares and votes, equal to 5.7%, at the AGM. Consequently, the 5% disclosure threshold has been crossed.

This information is subject to the disclosure requirements pursuant to sections 4-2 and 4-4 of the Securities Trading Act.
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Kilde

[TekBot]

Komplett Bank ASA: Minutes from the Annual General Meeting

The Annual General Meeting of Komplett Bank ASA was held today, on Thursday 13 April 2023. All proposals on the agenda were adopted in accordance with the proposals in the notice dated 22 March 2023.

The minutes from the general meeting is enclosed to this notice and will also be made available at the web-page of Komplett Bank ASA.
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For further information, please contact:

Eirik Holtedahl, CFO
Tel: +47 96 91 22 91
E-mail: ir@komplettbank.no

Kilde

[pleximus83]