Oma Savings Bank Initiates Employee Share Program with New Share Issue

Oma Savings Bank Plc’s Share Savings Plan for Employees

Oma Savings Bank Plc has made a significant move by establishing a share savings plan aimed at its dedicated workforce. This initiative, known as the "OmaOsake plan," provides employees with a unique opportunity to save a portion of their salary and invest in shares of the bank.

Details of the Directed Share Issue

The Board of Directors at Oma Savings Bank Plc has resolved to issue 17,534 new shares specifically for participants of the OmaOsake plan. This decision deviates from the usual pre-emptive subscription rights of existing shareholders to ensure that the employees have the opportunity to participate effectively. The rationale for this deviation is grounded in the considerable financial reasons linked to executing the share savings plan successfully.

Implementation of the OmaOsake Plan

A formal announcement about the OmaOsake plan was made earlier, detailing how employees can subscribe to shares at a favorable price. The shares are set to be issued at EUR 11.44 each, reflecting a 10% discount based on the average trading price during a specified previous period. This pricing strategy is crafted to make the investment accessible for employees while rewarding their contribution to the bank's success.

Projected Timeline for New Shares

The new shares from this issue are expected to be officially registered in the trade register by a planned date. Following registration, these shares will be available for trading alongside existing shares on Nasdaq Helsinki Ltd, ensuring that employees can see the tangible benefits of their investments shortly after the issuance.

Growth and Stability of Oma Savings Bank

Oma Savings Bank has established itself as a robust and profitable entity in the Finnish banking sector, providing a wide range of financial services to over 200,000 customers. With 47 branch offices and a strong digital presence, the bank emphasizes personalized customer service and strives to be both local and accessible.

Commitment to Employees and Customers

One of the key elements of Oma Savings Bank Plc's success is its commitment to employee development. The bank prioritizes creating an environment where personnel are encouraged to grow professionally, supported by diverse responsibilities and ongoing training opportunities. Additionally, a significant number of employees are shareholders in the bank, highlighting their investment in the company's future.

Focus on Retail Banking Services

OmaSp primarily concentrates on retail banking operations, offering a diversified range of banking products directly and through partnerships. Some of these include mortgage solutions, credit options, and investment products designed to cater to various customer needs. This extensive offering makes Oma Savings Bank a go-to financial partner for individuals and businesses alike.

Frequently Asked Questions

What is the purpose of the OmaOsake plan?

The OmaOsake plan is designed for employees to save a portion of their salaries and invest in shares of Oma Savings Bank Plc, fostering a sense of ownership and involvement.

How many shares will be issued in the new share program?

A total of 17,534 new shares will be issued under the OmaOsake plan for the participating employees.

What is the subscription price for the new shares?

The new shares will be priced at EUR 11.44 each, reflecting a 10% discount from the market average.

When can the new shares be traded?

The new shares are expected to be tradable on Nasdaq Helsinki Ltd shortly after their registration, around December 2024.

How does Oma Savings Bank support its employees?

Oma Savings Bank invests in its employees’ development through various initiatives that promote career growth, emphasize personal service, and offer numerous training opportunities.

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