Aktia Pankki Oyj - Inside information

The Board of Directors of Aktia Bank Plc starts preparations for combination of the company’s share series

Aktia Bank plc
Inside information
12/01/2018 at 9 am

The Board of Directors has today, following an initiative by the five largest shareholders of the company, decided to start preparations for combination of the company’s two share series to be resolved by Aktia Bank’s Annual General Meeting 2018.

The Board of Directors prepares the combination of the company’s two share series to be executed in a way that the stipulations in the Articles of Association concerning the two different share series would be abolished, and as a result of necessary actions taken Aktia Bank would have only one single share series. The single share series would be subject to public trading and all shares would have one vote and otherwise equal rights. The holders of Aktia R-shares would be offered these new shares free of charge in a share issue that would be carried out after the amendment of the Articles of Association.

The five largest shareholders, representing approx. 34 % of shares and approx. 45 % of votes in Aktia Bank, propose that the combination is prepared based on the assumption that the premium to the owners of R-shares would be  12 % in relation to the A-shares.

The Annual General Meeting of Aktia Bank plc is scheduled to be held on 10 April 2018 in Helsinki. The complete summons to the Annual General Meeting will be published on 27 February 2018. In the summons to the Annual General Meeting detailed terms of the proposal to combine the company’s share series will be included.

Aktia Bank Plc has two share series, both of them subject to public trading on the Nasdaq Helsinki stock exchange. The R series conveys 20 votes per share and the A series one vote per share. The shares are entitled to equal dividend pay-out. The total number of shares is 66,578,811, of which 18,872,088 are R series shares and 46,706,723 A series shares (as per 28/12/2017).

 

AKTIA BANK PLC

More information:
Sten Eklundh, Member of the Board, tel. +358 40 501 5249

Sender:
Anders Wikström, Information Officer, tel. +358 10 247 6294

 

Distribution:
Nasdaq OMX Helsinki Oy
Central mass media
www.aktia.com

Aktia provides a broad range of solutions within banking, asset management, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 380,000 customers who are served at branch offices and via web, mobile interfaces as well as telephone services. Aktia's shares (AKTAV, AKTRV) are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com.