Stock Exchange Release
April 01 2004 - 3:25AM
UK Regulatory
RNS Number:2077X
Oko Osuuspankkien Keskuspankki OYJ
01 April 2004
OKO Bank
STOCK EXCHANGE RELEASE
April 1, 2004
THE SUBSCRIPTION PRICE OF OKO BANK'S SERIES A SHARES THAT CAN BE SUBSCRIBED FOR
WITH WARRANTS WILL BE LOWERED
The subscription price of OKO Bank's Series A shares that can be subscribed for
with the 1999 warrants is Euro 5.57 per share as from April 5, 2004. According to
the terms and conditions of the share option programme, the subscription price
of the share will be lowered, after the period for determining the subscription
price and before the subscription for shares, by the amount of dividends to be
paid out on each record date for the distribution of dividends. At present the
subscription price is Euro 7.17. The price will be lowered by Euro 1.60 which amount
corresponds to the dividend to be paid out on OKO Bank's Series A share for the
fiscal year 2003.
OKO Bank's Annual General Meeting decided on March 31, 2004, that the number of
OKO Bank's shares is doubled without increasing the share capital (Split 1:2).
Consequently, the terms and conditions of the share option programme are altered
so that each share option entitles its holder to subscribe two Series A shares.
The alteration will enter into force as soon as the change regarding the number
of shares is entered in the Trade Register, presumably on April 30, 2004. After
this, each OKO Bank's 1999 share option entitles its holder to subscribe two new
OKO Bank Series A shares to the total subscription price of Euro 5.57. A new Stock
Exchange Release will be published when the change in the number of shares is
registered.
OKO Bank
Markku Koponen
Senior Vice President
FURTHER INFORMATION:
Mr Markku Koponen, tel. +358 9 404 2648
This information is provided by RNS
The company news service from the London Stock Exchange
END
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