Merger of Veritas Non-Life Insurance Company with Aktia Plc implemented
The merger of Veritas Non-Life Insurance Company with Aktia Plc has been implemented according to the merger plan approved by both companies Boards of Directors, and registered in the Trade Register on 1 January 2009. At the same time, 6,800,000 new shares in Aktia Plc, series A, as well as an increase of the company’s share capital by EUR 13,600,000 were registered. Hence, the total number of series A shares in Aktia Plc is now 46,924,418, and the company’s total share capital amounts to EUR 93,848,836. The final number of shares issued as merger compensation may be lower due to possible cases of uncertain ownership in Veritas Non-Life Insurance Company.
In accordance with the merger plan, the 6,800,000 new shares of series A to be issued as merger compensation to owners of Veritas Non-Life Insurance Company, will be registered on the owners’ book-entry accounts as soon as possible, It’s estimated that this will be accomplished during the first quarter of 2009.
Earlier Stock Exchange Releases regarding the merger have been published on 1 April 2008 and 5 June 2008.
Mr. Anders Nordman, Managing Director of Aktia Non-Life Insurance Company Ltd, has been appointed Member of the Executive Committee of Aktia Plc as of 1 January 2009. His areas of responsibility are Aktia Corporate Banking and the Aktia Non-Life Insurance Company Ltd.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.