OP Corporate Bank plc OP Cooperative Stock exchange release 14 February 2019 at 3.15 pm EET
OP Financial Group's Communications and Disclosure Policy Updated
Based on the decisions by the Executive Board of OP Cooperative and the boards of directors of OP Corporate Bank plc and OP Mortgage Bank, OP Financial Group has updated its Group-level Communications and Disclosure Policy. The new Communications Policy enters into force today, 14 February 2019.
The Communications and Disclosure Policy concerns OP Financial Group's communication and the fulfilment of the disclosure obligation by OP Cooperative's subsidiaries OP Corporate Bank plc (OP Corporate Bank) and OP Mortgage Bank (OP MB). OP Financial Group communicates jointly with the securities issuers OP Corporate Bank and OP MB about matters under the disclosure obligation.
The updated Communications and Disclosure Policy emphasises Group-level communication and assessment also in the fulfilment of the disclosure obligations of the issuers. Earnings outlook issuance has been specified and, henceforth, a verbal statement of expected earnings will only be issued at Group-level in OP Financial Group's financial reports. OP Corporate Bank and OP MB will henceforth present an assessment concerning the future development of the issuer in their Report by the Board of Directors.
In addition to the above-mentioned changes, the Communications Policy was updated for our new organisation names.
The updated Communications and Disclosure Policy is attached and is also available at op.fi > OP Financial Group > To the media > Communications and disclosure policy.
OP Corporate Bank plc OP Cooperative Tuuli Kousa Chief Communications Officer
For more information, please contact: OP Communications, tel. +358 50 523 9904, viestinta@op.fi
DISTRIBUTION Nasdaq Helsinki Ltd Euronext Dublin (Irish Stock Exchange) LSE London Stock Exchange SIX Swiss Exchange Major media op.fi
OP Financial Group is Finland's largest financial services group whose mission is to create sustainable prosperity, security and wellbeing for its owner-customers and in its operating region by means of its strong capital base and efficiency. OP Financial Group consists of 156 OP cooperative banks, its central cooperative OP Cooperative, and the latter's subsidiaries and affiliates. The Group has a staff of 12,000 and 1.9 million owner-customers. www.op.fi
OP Corporate Bank and OP Mortgage Bank are responsible for OP's funding in money and capital markets. As laid down in the applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other's debts and commitments. OP Corporate Bank acts as OP's central bank.
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