Helsinki, Finland, 2014-11-04 09:00 CET (GLOBE NEWSWIRE) --
Aktia Bank plc
Stock exchange release
4 November 2014 at 10.00 a.m.
Aktia Bank plc commences acquisition of own shares
The Board of Directors of Aktia Bank plc has on 4 November 2014 decided to use the authorisation granted by the Annual General Meeting on 7 April 2014 to acquire the company's own shares for use in the company's share based incentive scheme and/or for the remuneration of members of the company's administrative bodies. The acquisition of the company's own shares will start on 11 November 2014 at the earliest, and be terminated at the latest by the end of the Annual General Meeting in 2015.
Under the authorisation the Board of Directors has decided to acquire a total of maximum 130,000 A series shares, corresponding to approximately 0.28% of the number of currently issued series A shares.
The shares will be acquired through public trading on the NASDAQ OMX Helsinki exchange in one or several lots at the market price prevailing at the time of purchase using the company's unrestricted equity and deviating from shareholders' pre-emptive subscription right to the company's own shares. The shares will be acquired and paid in accordance with the rules of NASDAQ OMX Helsinki Ltd and Euroclear Finland Ltd.
AKTIA BANK PLC
CEO Jussi Laitinen
Distribution:
Nasdaq Helsinki,
mass media,
www.aktia.com
Aktia provides a broad range of products within banking, insurance and real estate agency. Aktia operates in Finland's coastal areas and inland growth areas. Aktia has some 300,000 customers who are served by nearly 1,000 employees at 57 branch offices and via Internet and telephone services. Aktia's shares are listed on NASDAQ OMX Helsinki Ltd. For more information about Aktia, go to www.aktia.com.
For more information, please contact:
CEO Jussi Laitinen, tel. +358 10 247 6250
Mia Bengts, tel. +358 10 247 6348