Announcement under Chapter 9, Section 10 of the Securities Markets Act: OP-Pohjola Group Central Cooperative's shareholding in Pohjola Bank plc
ET | Source:Pohjola Pankki Oyj
Pohjola Bank plc
Stock exchange release
20 February 2014, 5:00 pm
Announcement under Chapter 9, Section 10 of the Securities Markets Act: OP-
Pohjola Group Central Cooperative's shareholding in Pohjola Bank plc
On 20 February 2014, Pohjola Bank plc received an announcement under Chapter 9,
Section 5 of the Securities Markets Act from OP-Pohjola Group Central
Cooperative that 123 OP-Pohjola Group cooperative banks have undertaken to
accept the public voluntary bid for Pohjola Bank plc shares that they hold. The
bid was launched by OP-Pohjola Group Central Cooperative on 6 February 2014. If
the bid were completed, OP-Pohjola Group Central Cooperative's shareholding
would exceed 2/3 of the total number of Pohjola Bank plc shares, and the
undertakings given by the cooperative banks would increase the shareholding of
OP-Pohjola Group Central Cooperative in Pohjola to 67.08% of all shares and the
votes conferred by the shares to 81.32% of the votes.
Offeror's existing shares and votes:
Number of shares: 141,879,206.
Proportion of all shares: 44.40%.
Number of votes: 384,443,730.
Proportion of votes: 65.19%.
If the bid were executed, the offeror's shares and votes would be as follows:
Number of shares: 214,365,186.
Proportion of all shares: 67.08%.
Number of votes: 479,568,626.
Proportion of votes: 81.32%.
The number of Pohjola Bank plc's registered shares totals 319,551,415 which
represent a total of 589,717,611 votes.
Pohjola Bank plc
Chief Communications Officer
NASDAQ OMX Helsinki
London Stock Exchange
FOR MORE INFORMATION, PLEASE CONTACT:
Vesa Aho, CFO, tel. +358 (0)10 252 2336
Niina Pullinen, Senior Vice President, Investor Relations, tel. +358 (0)10
Pohjola is a Finnish financial services group which provides its customers with
banking, non-life insurance and asset management services. Our mission is to
promote the sustainable prosperity, security and wellbeing of our customers.
Profitable growth and an increase in company value form our key objectives.
Pohjola Group serves corporate customers in Finland and abroad by providing an
extensive range of financial, investment, cash-management and non-life insurance
services. We offer non-life insurance and private banking services to private
customers. Pohjola Series A shares have been listed on the Large Cap List of the
NASDAQ OMX Helsinki since 1989. The number of shareholders totals around
32,000. Pohjola's consolidated earnings before tax amounted to 473 million euros
in 2013 and the balance sheet total amounted to 44 billion euros on 31 December
2013. Pohjola is part of OP-Pohjola Group, the leading financial services group
in Finland with 4.3 million customers.
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.