On 1 April 2014, Pohjola Bank plc received an announcement of disclosure of shareholdings under Chapter 9, Section 5 of the Securities Markets Act from OP-Pohjola Group Central Cooperative that the Central Cooperative's holding would exceed 90% of all Pohjola Bank plc shares if the tender offer were completed. The acceptances by those who have issued their acceptance of the tender offer by 31 March 2014 would increase the total shareholding of OP-Pohjola Group Central Cooperative in Pohjola to 91.58% of all Pohjola shares and the votes conferred by the shares to 95.44% of all the votes, if the tender offer were completed.
Offeror's existing shares and votes:
Number of shares: 165,664,117.
Proportion of all shares: 51.84%.
Number of votes: 408,228,641.
Proportion of votes: 69.22%.
Shareholdings and votes by the offeror and its controlled corporations:
Number of shares: 165,855,429.
Proportion of all shares: 51.90%.
Number of votes: 408,419,953.
Proportion of votes: 69.26%.
If the tender offer were completed, holdings and votes by those who have issued their acceptance in view of the acceptances would be as follows:
Number of shares: 292,658,497.
Proportion of all shares: 91.58%.
Number of votes: 562,824,693.
Proportion of votes: 95.44%.
The number of Pohjola Bank plc's registered shares totals 319,551,415 which represent a total of 589,717,611 votes.