Ålandsbanken - Total number of voting rights and capital

Bank of Åland Plc: Issue of Series B shares as part of the Bank of Åland's share saving programme for employees

Mariehamn, 2015-08-26 13:30 CEST (GLOBE NEWSWIRE) -- 

Bank of Åland Plc
Stock Exchange Release
August 26, 2015, 2.30 p.m.

Issue of Series B shares as part of the Bank of Åland's share saving programme
for employees 

As authorised by the Annual General Meeting on April 10, 2014, the Board of
Directors has decided to issue 30,174 Series B shares for the fulfilment of the
Bank's commitments as part of the Bank of Åland's share saving plan for
employees. 

The Bank of Åland's share savings programme is a one-year programme enabling
employees to save a maximum of five per cent of their monthly salary in order
to subscribe for twice-yearly targeted issues of Series B shares. Employees
subscribe for Series B shares at a price that is 10 per cent below the average
stock market price during the month prior to the issue. 

 The savings period began on January 1, 2015. Three years after each respective
share issue, the Bank of Åland will distribute one matching share for each
share acquired in the targeted share issues to those who have participated in
the shares issues, who are still employed by the Bank of Åland Group and own
the shares that were issued. 

After the issue, the Bank of Åland's share capital will total EUR
41,500,786.10, with the number of Series A shares totalling 6,476,138 and the
number of Series B shares totalling 8,737,101. 

For further information, please contact:

Peter Wiklöf, Managing Director and Chief Executive, tel +358 40 512 7505