Pohjola Bank plc
Stock exchange release
3 September 2014, at 10.00 am EET
Pohjola applies for delisting of its shares
The Board of Directors of Pohjola Bank Plc ("Pohjola") has decided to apply for the termination of trading in Pohjola shares and the delisting of shares from NASDAQ OMX Helsinki Ltd ("NASDAQ OMX Helsinki"). In the application to be submitted to NASDAQ OMX Helsinki, Pohjola will request that the delisting take effect as soon as possible after OP-Pohjola Group Central Cooperative has acquired the entire share capital of Pohjola.
OP-Pohjola Group Central Cooperative owns 98.41% of the Pohjola shares and 99.14% of the votes conferred by the shares. In accordance with Chapter 18 of the Limited Liability Companies Act, OP-Pohjola Group Central Cooperative has instituted proceedings for the redemption of minority shares to obtain the remaining Pohjola shares held by minority shareholders.
The Redemption Committee of the Central Chamber of Commerce has established a three-member arbitral tribunal to resolve any disputes concerning the right of redemption and the redemption price of the Pohjola shares held by parties other than OP-Pohjola Group Central Cooperative.
Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer
DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
pohjola.com, op.fi
FOR MORE INFORMATION, PLEASE CONTACT:
Vesa Aho, CFO, tel. +358 (0)10 252 2336
Niina Pullinen, Senior Vice President, Investor Relations, tel. +358 (0)10 252 4494
Pohjola is a Finnish financial services group that offers its customers banking, non-life insurance and asset management services. Pohjola's mission is to promote the prosperity, security and wellbeing of its customers. Key targets include profitable growth and increasing the company's value. Pohjola Group serves corporate customers in Finland and abroad by providing an extensive range of financial, investment, cash management and non-life insurance services. For private customers, the Group provides non-life insurance and private banking services. Pohjola Bank Group's earnings before tax were EUR 473 million in 2013, and the balance sheet total was EUR 44 billion on 31 December 2013. Pohjola is part of OP-Pohjola Group, the leading financial services group in Finland with 4.3 million customers.
www.pohjola.fi