Aktia’s employee share issue was oversubscribed – over one third of the personnel participated in the share issue
28 September 2021 - 1:00AM
Aktia’s employee share issue was oversubscribed – over one third of
the personnel participated in the share issue
Aktia Bank Plc Stock Exchange Release 27 September 2021 at 6.00
p.m.
Aktia’s employee share issue was oversubscribed – over
one third of the personnel participated in the share
issue
On 31 August 2021, the Board of Directors of Aktia Bank Plc
(Board) decided on the employee share issue. A maximum total of
1,000,000 new shares in the company was offered for subscription to
the personnel of the Aktia Group companies. The subscription period
ended on 22 September 2021.
The subscription price for the share was EUR 10.14 per share,
based on the trade volume weighted average price of the company’s
share on Nasdaq Helsinki Ltd during 1–31 July 2021 and at a 10 per
cent price reduction. The minimum subscription was 500 shares and
the maximum subscription 70,000 shares. The subscribed shares are
subject to a transfer restriction: a subscriber has no right to
sell 50 per cent of the shares subscribed within 18 months, and 50
per cent of the shares subscribed within 36 months of the
registration of the shares on a subscriber’s book-entry
account.
The employee share issue was oversubscribed, and the Board
decided to increase the number of the new shares offered according
to terms and conditions of the share issue. The Board approved all
subscriptions in connection to the employee share issue, i.e. a
total of 1,371,500 new shares. The subscription price of the shares
amounts to EUR 13,907,010 in total, which will be credited to the
reserve for the Company’s invested unrestricted equity. A total of
336 company employees subscribed shares in the share issue.
”I am very pleased with the outcome of the employee share issue.
The premise for the employee share issue was to engage and
encourage our personnel in becoming shareholders in Aktia and thus
to long-term work to increase shareholder value. The issue was
oversubscribed, which is a strong indication of the personnel’s
confidence in Aktia's future,” says Aktia’s CEO Mikko
Ayub.
The new shares approved in the employee share issue are expected
to be entered into the Trade Register on 30 September 2021 and to
be applied for public trading on 1 October 2021. After the Trade
Register entry of the new shares, Aktia Bank Plc’s total number of
shares will be 72,087,006. The shares subscribed to in the share
issue represent a total of 1.9 per cent of the company´s shares and
votes of the shares after the share issue. As some of the personnel
financed their subscription through a loan granted by Aktia, the
share issue has no significant impact on Aktia’s CET1 capital
adequacy.
The company has in 2021 received shares which have been returned
to it in accordance with the terms of various commitment and
remuneration programmes, which means that the company holds a total
of 307,107 own shares.
Aktia Bank Plc
Further information: Mikko Ayub, CEO tel. +358 10 247 5121
Distribution: Nasdaq Helsinki Ltd Mass media www.aktia.com
Aktia is a Finnish asset manager, bank and life insurer that has
been creating wealth and wellbeing from one generation to the next
for 200 years. We serve our customers in digital channels
everywhere and face-to-face in our offices in the Helsinki, Turku,
Tampere, Vaasa and Oulu regions. Our award-winning asset management
business sells investment funds internationally. We employ
approximately 900 people around Finland. Aktia's assets under
management (AuM) on 30 June 2021 amounted to EUR 15.6 billion, and
the balance sheet total was EUR 11.2 billion. Aktia's shares are
listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.
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