Trading in Evli Bank Plc's share has been temporarily suspended
EVLI BANK PLC STOCK EXCHANGE RELEASE APRIL 1, 2022 AT 3.00 PM. (EET/EEST)
Trading in the share of Evli Bank Plc has been temporarily suspended at the request of the company. In the company's view, the share price has not correctly reflected the corporate transaction announced to be completed on March 25, 2022, in which Evli Bank Plc will be partially demerged into a new asset management group Evli Plc that will be listed and a company that will carry on Evli Bank’s banking services and into which Fellow Finance Plc will merge and which wil be named Fellow Bank Plc.
In the transactions carried out between March 31 and April 1, 2022, Evli Pankki Plc's share will entitle the holder to Fellow Bank Plc shares, but not to Evli Plc shares received as consideration shares.
Juho Mikola, CFO, Evli Bank Plc, tel. +358 40 717 8888, firstname.lastname@example.org
Evli Bank in brief
Evli Bank is a bank specialized in investments that helps institutions, corporations and private persons increase their wealth. The product and service offering includes mutual funds, asset management and capital markets services, alternative investment products, equity research, incentive plan design and administration as well as Corporate Finance services. The company also offers banking services that support clients' investment operations. Evli Bank is ranked as the best* and most used** institutional asset manager in Finland. Evli also has Finland's best expertise in responsible investment.***
Evli Bank has a total of EUR 17.5 billion in client assets under management (net 12/2021). Evli Bank Group's equity capital excluding the distribution liability in accordance with IFRIC 17, totals EUR 118.1 million and its BIS capital adequacy ratio is 15.4 percent (December 31, 2021). The company has around 290 employees. Evli Bank’s B shares are listed on Nasdaq Helsinki Ltd.
*Kantar Prospera External Asset Management Finland 2015, 2016, 2017, 2018, 2019, 2021, Kantar Prospera Private Banking 2019, 2020 Finland **Kantar Prospera External Asset Management Finland 2017, 2018, 2019, 2020, 2021 ***SFR Scandinavian Financial Research Institutional Investment Services Finland 2021
Distribution: Nasdaq Helsinki, main media, www.evli.com