Ålandsbanken - Company Announcement

Merger between the Bank of Åland Plc and Ålandsbanken Asset Management Ab implemented

Mariehamn, 2015-06-01 10:15 CEST (GLOBE NEWSWIRE) -- 

Bank of Åland Plc
Stock exchange release
June 1, 2015, 11.15 a.m.

Merger between the Bank of Åland Plc and Ålandsbanken Asset Management Ab
implemented 

The merger between the Bank of Åland Plc (Ålandsbanken Abp) and Ålandsbanken
Asset Management Ab was implemented on June 1, 2015. Based on a decision by the
Bank's Annual General Meeting on April 10, 2014 authorising the Bank's Board of
Directors to issue shares, the Board decided to issue 762,912 Series B shares
on June 1, 2015 as payment of the merger consideration. In addition, a cash
amount of EUR 1,233,629 was paid. After the merger, the share capital of the
Bank of Åland totalled EUR 41,439,834.62, while the number of shares totalled
6,476,138 Series A shares and 8,706,972 Series B shares. 

For further inflormation, please contact:

Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland Plc, tel
+358 40 512 7505