OMA SAVING BANK PLC, PUBLIC RELEASE SEPTEMBER 16, 2021 AT 7:45 PM ET, OTHER INFORMATION DISCLOSED UNDER EXCHANGE RULES
Oma Ssavings bank plc must start acquiring the company’s own shares
Oma Savings Bank Plc has decided to launch a buyback program linked to the acquisition of the company’s own shares on the basis of the authorization given by the General Meeting of March 30, 2021. The maximum number of shares to be acquired in one or more installments is 198,300, which corresponds to approximately 0.7% of the shares and votes of the company. The total number of shares of the company is 29,596,700. The company currently holds 11,700 of its own shares. Authorization to acquire own shares has been obtained by the Finnish Financial Supervisory Authority (FIN-FSA).
The acquisition of treasury shares will begin no earlier than September 17, 2021 and will end no later than February 28, 2022. The shares will be acquired through public exchanges organized by Nasdaq Helsinki Ltd at the market price in effect at the time. of the purchase. There is an important financial reason for the directed acquisition of treasury shares as they are acquired in connection with the implementation of a share-based incentive plan for key personnel.
The Ordinary General Meeting of March 30, 2021 authorized the Board of Directors to decide to acquire a maximum of 500,000 own shares of Oma Savings Bank Plc with funds belonging to the company’s free equity, representing approximately 1 , 7% of the total shares of the company depending on the situation on the date of the meeting, however, that the number of own shares held by the company does not at any time exceed 10% of the total shares of the company. This amount includes treasury shares held by the company itself and its subsidiaries within the meaning of Chapter 15, Section 11 (1) of the Finnish Companies Act. The authorization is valid until the close of the next annual general meeting, but no later than June 30, 2022.
Oma Ssavings bank plc
More information :
Helena Juutilainen, CLO, tel +358 40 580 6401, [email protected]
Sariana Liiri, Financial Director, tel. +358 40 835 6712, [email protected]
Minna Sillanpää, CCO, tel. +358 50 66592, [email protected]
Nasdaq Helsinki Ltd
OmaSp is a growing Finnish bank and Finland’s largest savings bank in terms of total assets. Approximately 300 professionals provide services nationwide through OmaSp’s 32 branches and digital service channels to 140,000 private and business customers. OmaSp focuses mainly on retail banking operations and offers its clients a wide range of banking services both through its own balance sheet and by acting as an intermediary for the products of its partners. Intermediated products include credit insurance, investment and loan products. OmaSp is also engaged in mortgage banking.
The central idea of OmaSp is to provide personalized service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to provide a superior customer experience through personalized service and easy accessibility. In addition, the development of operations and services is customer-oriented. The staff are engaged and OmaSp seeks to support their career development with versatile tasks and continuous development. A significant portion of the staff also owns shares in OmaSp.