Aktia Bank plc
Stock Exchange Release
10/8/2016 at 12.00 noon
The Board of Directors of Aktia Bank plc has today decided to use the authorisation granted by the Annual General Meeting on 12/04/2016 to acquire the company's own shares for use in the company's share based scheme and/or the remuneration of members of the company's administrative bodies. The acquisition of the company's own shares will commence on 12/08/2016 at the earliest, and be terminated at the latest at the end of the Annual General Meeting in 2017.
Supported by the authorisation the Board of Directors has decided to acquire a total of maximum 185,000 A series shares, corresponding to approximately 0.4 % of the number of currently issued series A shares, for a total maximum sum of EUR 2 million.
The shares will be acquired through public trading on the Nasdaq Helsinki Oy exchange in one or several lots at the market price prevailing at the time of purchase using the company's unrestricted equity (retained earnings) 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 Helsinki Ltd and Euroclear Finland Ltd.
Further, the Board of Directors has today, based on authorisation granted by the Annual General Meeting, decided to divest own shares for use in the company's share based scheme and/or the remuneration of members of the company's administrative bodies, and decided to implement the decision taken by the Annual General Meeting that 35 per cent of the annual remuneration paid to members of the Board of Supervisors shall be paid in the form of Aktia A shares as soon as a sufficient number of shares have been acquired in accordance with the decision above. A separate stock exchange release will be published concerning divestment of own shares for said purpose.
Currently, Aktia Bank holds 6,192 Aktia A shares.
AKTIA BANK PLC
For more information, please contact
Director Mia Bengts, HR & Group Legal, tel. +358 10 247 6348
Distribution:
Nasdaq Helsinki Ltd
mass media
www.aktia.com
Aktia provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 300,000 customers who are served by nearly 900 employees at 47 branch offices and via Internet and telephone services. Aktia's shares are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com.