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 savings programme for employees

Mariehamn, 2016-02-11 13:00 CET (GLOBE NEWSWIRE) -- 

Bank of Åland Plc
Stock Exchange Release
February 11, 2016, 2.00 p.m.

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

As authorised by the Annual General Meeting on April 10, 2014, the Board of
Directors has decided to issue 33,582Series B shares for the fulfilment of the
Bank's commitments as part of the Bank of Åland's share savings plan for
employees. 

The Bank of Åland's share savings programme is a voluntary savings
programmeenabling 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 calendar month prior to the
issue. The programme was introduced in 2015 as a one-year programme and was
extended to cover 2016 as well. 

The share issue is related to the savings period July 1-December 31, 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
41,568,621.74, with the number of Series A shares totalling 6,476,138 and the
number of Series B shares totalling 8,770,683. 

For further information, please contact:

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