Bank of Åland Plc: Issue of Series B shares as part of the Bank of Åland’s share saving programme for employees
06 Julio 2023 - 3:30AM
Bank of Åland Plc: Issue of Series B shares as part of the Bank of
Åland’s share saving programme for employees
Bank of Åland PlcStock Exchange ReleaseJuly 6, 2023,
11.30 EET
Issue of Series B shares as part of the Bank of Åland’s
share saving programme for employees
As authorised by the Annual General Meeting on April 3, 2019,
the Board of Directors has decided to issue 25 012 Series B
shares for the fulfilment of the Bank’s commitments as part of the
Bank of Åland’s share saving plan for employees.
The Bank of Åland’s share savings programme is a voluntary
savings programme enabling 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 month
prior to the issue. The issue is related to the savings period
January 1 – June 30, 2023.
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 share
issues, who are still employed by the Bank of Åland Group and who
own the shares that were issued. After the issue, the Bank of
Åland’s share capital will total EUR 42,029,289.89 with the number
of Series A shares totalling 6,476,138 and the number of Series B
shares totalling 8 831 752.
For further information, please contact:
Peter Wiklöf, Managing Director and Chief Executive, Bank of
Åland Plc, tel +358 40 512 7505
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