Divestment of series A shares held by the company for payment of share-based rewards and remuneration
Aktia Bank plc
Stock Exchange Release
9.3.2017 at 10.00 am
Aktia Bank plc has on 8 March 2017, supported by a decision taken by the company's Board of Directors, divested 76,879 series A own shares held by the company.
For payment of share-based rewards from the share based incentive scheme´s earning period 2015–2016 and the share owner programme MRS (matching restricted shares) 2014-2017 66,481 Aktia A shares were divested to 32 key persons.
Further the company has divested 10,398 own series A shares held by the company to members of the company’s Board of Directors as payment of 40% of the annual remuneration for board members 2017 in the form of Aktia A shares.
For more information about the share based incentive schemes, the MRS programme and remuneration to the Board of Directors, see Aktia's Financial statements 2016.
Following this divestment, the company's holding of own shares amounts to:
The Annual General Meeting of Aktia Bank Plc on 12 April 2016 authorised the Board of Directors to decide on divestment of own shares e.g. for implementation of the company's incentive scheme and remuneration of members of the company’s administrative bodies.
AKTIA BANK PLC
For more information, please contact:
Mia Bengts, director, HR & Group Legal, tel. +358 10 247 6348
Nasdaq Helsinki Ltd
Aktia provides a broad range of products within banking, insurance and real estate agency. Aktia operates mainly in coastal areas and inland growth areas. Aktia has about 300,000 customers who are served by nearly 900 employees at 47 branch offices and via online and telephone services. Aktia's shares are listed on the list of Nasdaq Helsinki Ltd. For more information about Aktia see www.aktia.com.