Oma Savings Bank Plc completes repurchase of own shares
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 10 NOVEMBER 2023 AT 08:30 A.M. EET, OTHER INFORMATION DISCLOSED SCCORDING TO THE RULES OF THE EXCHANGE
Oma Savings Bank Plc completes repurchase of own shares
Oma Savings Bank Plc (OmaSp or Company) has completed the repurchase program of the Company’s own shares, which started on 28 September 2023 and ended on 9 November 2023. During this period, a total of 100,000 own shares were repurchased for an average price of EUR 20.5419 per share. The amount corresponds to approximately 0.3% of the Company's total share amount of 33,275,237 shares. The shares were repurchased at a price formed in public trading arranged by Nasdaq Helsinki Ltd or at a price otherwise formed in the market. The shares were repurchased on the basis of the authorisation given by the Annual General Meeting on 30 March 2023. The shares were acquired to implement a share-based incentive scheme for key persons.
Following the repurchase, OmaSp holds a total of 201,386 of its own shares.
Oma Savings Bank Plc
Minna Sillanpää, CCO, tel +358 50 66592, email@example.com
Nasdaq Helsinki Ltd
OmaSp is the fastest growing in the Nordic countries and Finland’s most profitable bank. About 500 professionals provide nationwide services through OmaSp’s 45 branch offices and digital service channels to over 200,000 private and corporate 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.
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