UK markets close in 47 minutes
  • FTSE 100

    7,224.39
    +19.84 (+0.28%)
     
  • FTSE 250

    22,963.04
    +31.38 (+0.14%)
     
  • AIM

    1,229.67
    -4.52 (-0.37%)
     
  • GBP/EUR

    1.1851
    +0.0051 (+0.44%)
     
  • GBP/USD

    1.3765
    +0.0006 (+0.04%)
     
  • BTC-GBP

    45,919.80
    +1,960.10 (+4.46%)
     
  • CMC Crypto 200

    1,504.65
    +1,261.97 (+520.02%)
     
  • S&P 500

    4,553.26
    +8.36 (+0.18%)
     
  • DOW

    35,705.03
    +28.01 (+0.08%)
     
  • CRUDE OIL

    84.91
    +1.15 (+1.37%)
     
  • GOLD FUTURES

    1,809.40
    +13.10 (+0.73%)
     
  • NIKKEI 225

    28,600.41
    -204.44 (-0.71%)
     
  • HANG SENG

    26,132.03
    +5.10 (+0.02%)
     
  • DAX

    15,588.97
    +45.99 (+0.30%)
     
  • CAC 40

    6,713.10
    -20.59 (-0.31%)
     

Oma Savings Bank Plc decided on the direct share issue to Eurajoen Savings Bank

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 23 SEPTEMBER 2021 AT 15.33 P.M., CHANGES IN THE COMPANY’S OWN SHARES


Oma Savings Bank Plc decided on the direct share issue to Eurajoen Savings Bank

Based on the authorisation of the 2021 Annual General Meeting, the Board of Directors of Oma Savings Bank Plc (OmaSp or Company) has decided on the share issue against payment directed to Eurajoen Savings Bank. The decision is conditional and requires that the governing body of Eurajoen Savings Bank decide at its meeting on 28 September 2021 to implement the transfer of Eurajoen Savings Bank's business to Oma Savings Bank in accordance with the acquisition plan.

In the directed share issue against payment, 553,488 OmaSp shares will be given for subscription. All new shares to be issued will be subscribed by Eurajoen Savings Bank in exchange for the transfer of the business. The share issue deviates from the pre-emptive subscription right pursuant to Chapter 9, Section 3 of the Finnish Companies Act. The weighty financial reason referred to in Chapter 9, Section 4 of the Finnish Companies Act is the development and expansion of OmaSp's banking operations into a new business area through the business acquisition.

The subscription price per share is EUR 13.99 and the total subscription price is EUR 7,743,295.00. The shares shall be subscribed and paid as contribution in kind Eurajoen Savings Bank disposes to OmaSp for the payment of shares, half of the assets allocated to its business, the liabilities related to the assets to be transferred and reserves for the business to be transferred. The shares shall be paid against apport in kind from the business to be transferred at the moment when the execution of the business transfer in accordance with the acquisition plan is registered in the Trade Register, which is scheduled to take place no later than 1 December 2021.


The Board of Directors of Oma Savings Bank Plc


Additional information:
Pasi Sydänlammi, CFO, tel +358 45 657 5506, pasi.sydanlammi@omasp.fi
Helena Juutilainen, CLO, tel +358 40 580 6401, helena.juutilainen@omasp.fi
Minna Sillanpää, CCO, tel +358 50 66592, minna.sillanpaa@omasp.fi

Distribution:
Nasdaq Helsinki Ltd
Major media
www.omasp.fi

OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. About 300 professionals provide nationwide services through OmaSp’s 32 branch offices and digital service channels to 140,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting