Key Developments: Pohjola Bank plc (POH1S.HE)

POH1S.HE on Helsinki Stock Exchange

15.68EUR
23 Jul 2014
Price Change (% chg)

€0.02 (+0.13%)
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€15.66
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€16.98
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Latest Key Developments (Source: Significant Developments)

Pohjola Bank OP-Rental Yield buys property portfolio from Probus Holding-DJ
Monday, 23 Jun 2014 03:01am EDT 

Pohjola Bank plc:Says OP-Rental Yield, an OP-Pohjola non-UCITS fund, has purchased a property portfolio of over 800 housing units from Probus Holding, an investment company-DJ.The largest owners of Probus Holding are Elo Mutual Pension Insurance Company, Fennia Life Insurance Company, OP Life Assurance Company, OP Pension Foundation, OP Pension Fund and the City of Kerava.The deal was closed on June 19 and title to the portfolio will transfer on Sep. 1.The portfolio contains over 20 residential buildings with four business premises in addition to housing units.A well over half of the buildings are located in the Helsinki Metropolitan Area with an average age of around ten years and in good condition.The financial details were not disclosed.  Full Article

Pohjola Bank issues bonds for 300 mln Swiss francs-IFR
Monday, 16 Jun 2014 05:52am EDT 

Pohjola Bank plc:Final size of 300 mln Swiss francs set for Pohjola Bank's new seven-year bond, up from revised minimum 250 mln francs, from initial 150 mln francs - IFR.Books closed for pricing.Raiffeisen Switzerland and Credit Suisse are lead managers.  Full Article

Pohjola Bank plc confirms FY 2014 earnings before tax guidance
Tuesday, 29 Apr 2014 01:00am EDT 

Pohjola Bank plc:Confirms the FY 2014 outlook.Expects consolidated earnings before tax for FY 2014 to be higher than in 2013.FY 2014 pre-tax profit at 511.25 mln euros (FY 2013: 473.00 mln euros)-Thomson Reuters I/B/E/S.  Full Article

Pohjola Bank announces final results of tender offer made by OP-Pohjola
Friday, 25 Apr 2014 07:00am EDT 

Pohjola Bank plc:Says the final results of the extra offer period show that the Pohjola Bank shares tendered in the extra offer period by OP-Pohjola represent about 4.36 percent of all Pohjola shares and about 2.36 percent of all the votes conferred by the shares.The shares tendered in the extra offer period increase the offeror's ownership to about 98.41 percent of all Pohjola shares and about 99.14 percent of all the votes.Says OP-Pohjola has filed an application with the Redemption Committee of the Central Chamber of Commerce for instituting arbitration proceedings related to the redemption of minority shares.The redemption price of the shares will be 16.13 euros per share (redemption price).  Full Article

Pohjola Bank announces preliminary results of extra offer period in OP-Pohjola's bid for Pohjola Bank shares
Wednesday, 23 Apr 2014 08:00am EDT 

Pohjola Bank plc:Says the shares tendered in the extra offer period relating to OP-Pohjola's tender offer for Pohjola Bank shares represent about 3.20 percent of all the shares and about 1.74 percent of all votes in Pohjola Bank.The shares tendered in the extra offer period increase OP-Pohjola's ownership to about 97.26 percent of all the shares and about 98.51 per cent of all votes in Pohjola Bank.The final outcome of the extra offer period and the entire tender offer will be confirmed and published on or about April 25.  Full Article

OP-Pohjola wants to force rest of Pohjola Bank shareholders out-Reuters
Friday, 11 Apr 2014 07:17am EDT 

Pohjola Bank plc:OP-Pohjola Group wants to force all the other shareholders to sell their shares in Pohjola Bank in a squeeze-out proceeding-Reuters.In arbitration, OP-Pohjola will demand that the redemption price be 16.13 euros per share, the same price as in the voluntary bid.Pohjola Bank shareholders have until April 22 to accept the voluntary offer, and after that the case will go to arbitration.  Full Article

Pohjola Bank announces final results of OP-Pohjola bid and extended offer period
Friday, 4 Apr 2014 05:32am EDT 

Pohjola Bank plc:Says the final results of OP-Pohjola Group Central Cooperative's public voluntary bid for all the shares in Pohjola Bank show that the shares tendered in the bid represent about 42.22 pct of all Pohjola shares and about 27.56 pct of the votes conferred by the shares.The tendered shares, together with the shares that OP-Pohjola has purchased on the market, the offeror's ownership to about 94.07 pct of all Pohjola shares and about 96.78 pct of all votes conferred by the shares.Offer consideration will be paid to the shareholders who have validly accepted the bid in accordance with the terms and conditions of the bid, on or about April 11.Says the offeror intends to allow the remaining shareholders the possibility to still accept the bid and will extend the offer period on unchanged terms and conditions.The extra offer period will run from April 7, 9.30 am (Finnish time) to April 22, 4.00 pm (Finnish time).  Full Article

Pohjola Bank announces preliminary results of OP-Pohjola tender offer
Wednesday, 2 Apr 2014 09:30am EDT 

Pohjola Bank plc:Says preliminary results of tender offer made by OP-Pohjola for Pohjola Bank show that OP-Pohjola's total holding amounts to about 94.05 per cent in Pohjola Bank shares and about 96.78 per cent of attached votes.Says the offer period expired on April 1.OP-Pohjola has decided to complete the tender offer in accordance with its terms and conditions regardless of the final result of the tender offer.Final result of the offer will be confirmed and announced on or about April 4.The Financial Supervisory Authority has not had any objections against the completion of the tender offer.  Full Article

OP-Pohjola Group Central Cooperative announces acquisition of Pohjola Bank plc
Monday, 24 Mar 2014 09:01am EDT 

OP-Pohjola Group Central Cooperative:Announces that it has purchased Pohjola Bank plc shares with the result that its holding exceeds 50 pct of all Pohjola Bank plc shares.OP-Pohjola Group Central Cooperative alone holds 50.28pct of Pohjola Bank plc shares and 68.38pct of the votes conferred by the shares.Terms of acquisition were not disclosed.  Full Article

Pohjola Bank announces details on FY 2013 dividend
Thursday, 20 Mar 2014 10:30am EDT 

Pohjola Bank plc:Adopts proposed dividend of 0.67 euro per Series A share and 0.64 euro per Series K shares.Record date March 25.Payment date April 3.  Full Article

OP-Pohjola wants to force rest of Pohjola Bank shareholders out

HELSINKI, April 11 - Finnish banking cooperative OP-Pohjola Group wants to force all the other shareholders to sell their shares in Pohjola Bank in a squeeze-out proceeding, it said on Friday.

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