CPA1T Coop Pank

Results of the subscription of shares issued in connection with the option programme

Results of the subscription of shares issued in connection with the option programme

The supervisory board of Coop Pank AS (hereinafter the Bank) decided on 14 October 2020 to increase the share capital of the Bank by 795,734.54 euros to enable the realisation of the options issued in the framework of the option programme. The subscription period of the private placement to the option holders was from 22 October to 26 October 2020.

Two members of the Bank’s management board were able to participate in the issue, subscribing altogether for 1,167,700 shares for the total amount of EUR 853,004.85, making 100% of the issue size. Both option holders submitted a subscription application and paid timely for the subscribed shares.

During the increase of the share capital, 1,167,700 new ordinary shares of the Bank will be issued at a book value of EUR 0.6814546 per share. According to the terms and conditions of the option programme, the issue price of the shares was EUR 0.7305 per share. EUR 0.6814546 of the issue price is the book value of a share and EUR 0.0490454 is the share premium. As a result of the issue, the Bank’s share capital will increase upon registration of the increase of share capital in the commercial register from EUR 60,960,316.90 to EUR 61,756,051.44 and the number of shares from 89,456,166 to 90,623,866.

The Bank will apply for the listing and the admission to trading of the shares to be issued within the issue on the Nasdaq Tallinn Stock Exchange. The first estimated trading day of the new shares shall be the first day following the day when the Bank has informed Nasdaq Tallinn Stock Exchange of the registration of the increase of share capital in the commercial register and identifying the new shares with the ISIN-code of EE3100007857.

Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 80 000 clients who use everyday banking services. Coop Pank uses the synergy created between retail trade and banking and brings everyday banking solutions closer to people. The majority shareholder of the Bank is a domestic retail chain Coop Eesti, the sales network of which comprises 330 stores.

Additional information:

Kristjan Seema

Marketing and communication manager

Phone

e-mail:



EN
27/10/2020

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