Information  X 
Enter a valid email address

Oko Osuuspank. (66PV)

  Print      Mail a friend

Wednesday 08 December, 2004

Oko Osuuspank.

Subscription price of shares

Oko Osuuspankkien Keskuspankki OYJ
08 December 2004



OKO Bank                        STOCK EXCHANGE RELEASE
                                December 8, 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 EUR 2.485 per share as from December 10, 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. It shall nevertheless always be at least EUR 2.105 per share. At
present the subscription price is EUR 2.785. The price will be lowered by EUR
0.30 which amount corresponds to the additional dividend to be paid out on OKO
Bank's Series A share for the fiscal year 2003.


In accordance with the terms and conditions of the share option programme, each
warrant entitles its holder to subscribe for two OKO Bank Series A shares. The
subscription period ends on October 30, 2006.


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