The Board of Directors of Fellow Bank Plc has decided on a directed share issue without consideration for the reward payments based on the Evli Plc’s Restricted Share Plan 2017 in accordance with the terms and conditions of the plan. In the share issue, 31 613 Fellow Bank shares held by the company will be transferred in accordance with the merger agreement gratuitously to the participants who are entitled to reward on the basis of Restricted Share Plan 2017. The transfer of shares is estimated to take place on 27 September 2022.

The resolution on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on 9 March 2022. 

The company holds 220 370 own shares after the transfer of shares.

Further information

Teemu Nyholm, CEO, Fellow Bank Plc, teemu.nyholm@fellowpankki.fi, tel. +358 50 577 1028

Fellow Bank in brief

Fellow Bank Plc is a new Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in a flexible and straightforward manner. For savers, we offer an attractive interest rate on deposits. Fellow Bank Plc is regulated by the Financial Supervisory Authority of Finland and listed on Nasdaq Helsinki’s main list (FELLOW). www.fellowbank.com