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2014-04-02 15:30:00 CEST 2014-04-02 15:30:39 CEST REGULATED INFORMATION Pohjola Pankki Oyj - Tender offerPreliminary results of the Tender Offer: OP-Pohjola's holding amounts to approximately 94.05 per cent in Pohjola Bank plc shares and approximately 96.78 per cent of attached votesOP-Pohjola Group Central Cooperative Stock exchange release 2 April 2014, 4.30 pm NOT TO BE RELEASED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA, HONG KONG OR IN ANY OTHER STATE IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. Preliminary results of the Tender Offer: OP-Pohjola's holding amounts to approximately 94.05 per cent in Pohjola Bank plc shares and approximately 96.78 per cent of attached votes The offer period for the voluntary public Tender Offer by OP-Pohjola Group Central Cooperative ('OP-Pohjola') to purchase all shares in Pohjola Bank plc ('Pohjola Bank') expired on 1 April 2014, at 4.00 pm (Finnish time). According to the preliminary result of the Tender Offer, the shares tendered in the Tender Offer represent approximately 42.21 per cent of all the shares and approximately 27.55 per cent of all votes in Pohjola Bank. The shares tendered in the Tender Offer, together with the shares that OP-Pohjola has purchased on the market, increase OP-Pohjola's ownership to approximately 94.05 per cent of all the shares and approximately 96.78 per cent of all votes in Pohjola Bank. All of the conditions for completion of the Tender Offer have, based upon the preliminary result, been satisfied. Among other things, OP-Pohjola's proportion of the shares and votes in Pohjola Bank has, based upon the preliminary result, exceeded the threshold of 90 per cent. The Financial Supervisory Authority has not had any objections against the completion of the Tender Offer based upon the notification procedure concerning the acquisition of a holding, as referred to in the Finnish Act on the Financial Supervisory Authority, nor does the completion of the Tender Offer, in OP-Pohjola's view, require any other regulatory approvals. OP-Pohjola has decided to complete the Tender Offer in accordance with its terms and conditions regardless of the final result of the Tender Offer. The final result of the Tender Offer will be confirmed and announced on or about 4 April 2014. In connection with the announcement of the final results, OP- Pohjola will extend the offer period by an extra offer period, as referred to in the terms and conditions of the Tender Offer, the specific terms and conditions of which will be announced on or about 4 April 2014. OP-Pohjola Group Central Cooperative Carina Geber-Teir Chief Communications Officer For more information: OP-Pohjola Communications, media contacts, tel. +358 (0)50 523 99 04 DISTRIBUTION NASDAQ OMX Helsinki LSE London Stock Exchange SIX Swiss Exchange Major media op.fi, pohjola.com OP-Pohjola Group is Finland's leading financial services group providing a unique range of banking, investment and insurance services. The Group has the mission of promoting the sustainable prosperity, well-being and security of its owner-members, customers and operating regions through its local presence. Its objective is to offer the best and most versatile package of loyal customer benefits on the market. OP-Pohjola Group consists of some 180 member cooperative banks and the Group's central institution, OP-Pohjola Group Central Cooperative, with its subsidiaries and closely-related companies, the largest of which is the listed company Pohjola Bank plc. With a staff of 12,000 OP-Pohjola Group posted consolidated earnings of 705 million euros before tax in 2013 and had total assets of 101 billion euros on 31 December 2013. The group has 4.3 million customers. www.op.fi THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR AN INVITATION TO MAKE A SALES OFFER. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN THE TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER THE OFFER OR PARTICIPATION THEREIN IS PROHIBITED BY APPLICABLE LAW OR WHERE THE TENDER OFFER DOCUMENT WOULD HAVE TO BE PUBLISHED OR REGISTERED OR THE OFFER WOULD BE SUBJECT TO OTHER REQUIREMENTS IN ADDITION TO THOSE UNDERTAKEN IN FINLAND. THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN PUBLISHED, THE TENDER OFFER DOCUMENT AND RELATED CONSENT FORMS WILL NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE OF, OR BY ANY MEANS OR INSTRUMENTALITY (INCLUDING, WITHOUT LIMITATION, FACSIMILE TRANSMISSION, TELEX, TELEPHONE OR THE INTERNET) OR THROUGH A NATIONAL SECURITIES EXCHANGE OF THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. THE TENDER OFFER CANNOT BE ACCEPTED BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR FROM WITHIN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG. [HUG#1773822] |
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