OMA SAVINGS BANK PLC STOCK EXCHANGE RELEASE 28 DECEMBER 2018 AT 23.59 P.M. EET
Oma Savings Bank Plc: Stabilisation measures taken and discontinuation of the stabilisation period
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Stabilisation measures taken and discontinuation of the stabilisation period
With reference to the offering circular published by Oma Savings Bank Plc ("OmaSp" or the "Company") on 16 November 2018 (the "Offering Circular") and the company release published on 29 November 2018 on the result of the initial public offering of OmaSp (the "Offering"), OmaSp has received a notification from Danske Bank A/S, Finland Branch (“Danske Bank”), acting as stabilising manager in the Offering, has carried out stabilisation measures between 30 November 2018 and 28 December 2018. The Company has been additionally informed by Danske Bank that the stabilisation period has been discontinued and that no further stabilisation measures will be undertaken.
Etelä-Karjalan Säästöpankkisäätiö has granted Danske Bank, acting as the stabilizing manager, the right to purchase up to an additional 675,000 shares in the Company at the subscription price of the Offering to cover possible over-allotments in connection with the Offering (the “Over-allotment Option”). Danske Bank has today decided to partially exercise the over-allotment option granted by Etelä-Karjalan Säästöpankkisäätiö. Danske Bank purchases 521,241 shares in OmaSp from Etelä-Karjalan Säästöpankkisäätiö and redelivers simultaneously to Etelä-Karjalan Säästöpankkisäätiö the shares borrowed by Danske Bank according to the Share Lending Agreement related to the Offering. After exercising the over-allotment option, the ownership Etelä-Karjalan Säästöpankkisäätiö in the Company will be 10,578,759 shares in total, representing 35.6 percent of all shares in the Company.
Danske Bank (contact: Jens Plenov, tel: +442074108000) has announced that it has performed stabilisation measures (in accordance with Article 3.2(d) of the EU Market Abuse Regulation (EU) No. 596/2014) on Nasdaq Helsinki in accordance with what is set out below.
Pasi Sydänlammi, CEO, tel. +358 45 657 5506, email@example.com
Sarianna Liiri, Chief Financial and Administrative Officer, tel. +358 40 835 6712, firstname.lastname@example.org
Additional information and interview requests for media:
Minna Sillanpää, CCO, tel. +358 50 66592, email@example.com
Nasdaq Helsinki Ltd
Oma Savings Bank in short
OmaSp is a growing Finnish bank and the largest savings bank in Finland based on total assets. Over 270 professionals provide nationwide services through OmaSp’s 40 branch offices and digital service channels to approximately 135,000 customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.
OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, New Zealand, Australia, Japan, Hong Kong, Singapore or South Africa. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Oma Savings Bank Plc (the “Company”) does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company, Danske Bank A/S, Finland Branch and Carnegie Investment Bank AB, Finland Branch assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or offer of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities referred to in this release, unless they do so on the basis of the information contained in the prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland and which has implemented the Prospectus Directive (each, a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which fulfils the requirements of a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an “offer of securities to the public” means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied by any measure implementing the Prospectus Directive in that Relevant Member State and the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.