OP-Pohjola Group Central Cooperative has obtained ownership of all Pohjola Bank plc shares, and the shares are thus delisted
Pohjola Bank plc ("Pohjola") today received the following information from OP-Pohjola Group Central Cooperative.
On 30 September 2014, OP-Pohjola Group Central Cooperative has posted the collateral required by the arbitral tribunal and hence obtained ownership of all Pohjola Bank plc shares in accordance with chapter 18, section 6 of the Finnish Limited Liability Companies Act.
Pohjola Bank plc's minority shareholders involved in the squeeze-out procedure after the collateral has been posted are entitled only to the redemption price and to the interest accruing thereon. According to the current estimate, OP-Pohjola Group Central Cooperative will pay the undisputed proportion of the redemption price in approximately one month.
As per application by Pohjola Bank plc, NASDAQ OMX Helsinki Oy ("Helsinki Stock Exchange") has decided to delist Pohjola shares from the Helsinki Stock Exchange after title to all Pohjola shares has been transferred in the squeeze-out procedure to OP-Pohjola Group Central Cooperative. On 29 September 2014, the Helsinki Stock Exchange ceased trading on Pohjola A shares in connection with the delisting process and has today issued a release on the delisting of the share from the Helsinki Stock Exchange. The Pohjola Bank plc A shares are listed for the last day on Tuesday 30 September 2014.
Pohjola Bank plc
Carina Geber-Teir
Chief Communications Officer
For more information, please contact:
OP-Pohjola Communications, media contacts, tel. +358 (0)50 523 9904
DISTRIBUTION
NASDAQ OMX Helsinki
LSE London Stock Exchange
SIX Swiss Exchange
Major media
op.fi, pohjola.com
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'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.
www.pohjola.com