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2010-12-08 19:20:00 CET 2010-12-08 19:20:40 CET REGULATED INFORMATION Pohjola Pankki Oyj - Company AnnouncementCancellation of Merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance CompanyPohjola Bank plc COMPANY RELEASE, Release Category: Company Announcement 8 December 2010, at 20.20 hrs Cancellation of Merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company The merger of Pohjola Insurance Ltd and Pohjantähti Mutual Insurance Company has been cancelled as a result of the rejection of the merger plan by Pohjantähti's Extraordinary General Meeting on 8 December 2010. A two-thirds vote in favour of the plan was required for the adoption. The merger plan was seconded by 32 per cent of the votes. The merger plan prepared by both companies' Board of Directors was announced on 29 September 2010. Since the planned merger was not supported by the required qualified majority at the meeting, the merger has been cancelled. The parties have not agreed on any further merger negotiations. Pohjola Bank plc Carina Geber-Teir Chief Communications Officer For more information, please contact: Jouko Pölönen, CFO, tel. +358 (0)50 350 8226 Tarja Ollilainen, SVP, Investor Relations, tel. +358 (0)50 301 8820 Communications Manager Silja Nikkanen tel. +358 (0)50 352 1341 DISTRIBUTION NASDAQ OMX Helsinki London Stock Exchange Major media pohjola.fi, op.fi [HUG#1470535] |
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