On 13 February 2014, Pohjola Bank plc received an announcement of disclosure of shareholdings from Ilmarinen Mutual Pension Insurance Company and OP-Pohjola Group Central Cooperative that the Board of Directors of Ilmarinen has decided to accept the public voluntary bid for Pohjola Bank plc shares that Ilmarinen holds. The bid was launched by OP-Pohjola Group Central Cooperative on 6 February 2014. OP-Pohjola Group Central Cooperative would increase its shareholding in Pohjola to 53.92% and its votes conferred by the shares to 71.86%, if the bid were completed.
Announcements of disclosure of shareholdings are based on Chapter 9, Section 5, Sub-section 2 of the Securities Markets Act.
Offeror's existing shares and votes:
Number of shares: 131,471,759.
Proportion of all shares: 41.14%.
Number of votes: 374,036,283.
Proportion of votes: 63.43%.
If the bid is implemented, the offeror's shares and votes would be as follows:
Number of shares: 172,297,529.
Proportion of all shares: 53.92%.
Number of votes: 423,769,989.
Proportion of votes: 71.86%.
The number of Pohjola Bank plc's registered shares totals 319,551,415 which represent a total of 589,717,611 votes.