United Bankers Plc

STOCK EXCHANGE RELEASE 22 March 2024 at 16:30 EET

United Bankers Plc will arrange directed share issues to personnel and tied agents in spring 2024

The Board of Directors of United Bankers Plc has on 22 March 2024 resolved on a directed share issue in which the company offers new shares in the company for subscription to the personnel and management (including Managing Directors) of the company and its subsidiaries in deviation from the shareholders' pre-emptive subscription right. Furthermore, the company has also resolved to organise a directed share issue to the tied agents of the Group, that operate in the form of limited liability companies. The Board of Directors will decide on and announce the more detailed terms and schedule of the personnel share issue and the tied agent share issue at the beginning of May. In the directed issues, a maximum total of 175,000 new shares in the company will be issued. The resolutions concerning the directed share issues are based on the authorisation granted by the Annual General Meeting 22 March 2024.

The purpose of personnel and tied agent issues is to encourage personnel and tied agents to acquire and own shares in the company and to commit them to the company's long-term strategy and targets. The Board of Directors considers that directed share issues are in the company's interest and that there is a weighty financial reason for the company for the deviation from the shareholder's pre-emptive subscription right.

To the personnel and tied agent share issues relate matching share plans, in which the subscriber has the opportunity to receive matching shares without consideration after a vesting period of approximately three years. The terms and conditions of the matching share plans will be published in connection with the other terms and conditions of the issues.

"Client orientation and the development of the company's business require a long-term approach. Already today, our personnel and tied agents own more than half of our company's shares. We want to encourage UB's personnel to have ownership in the company and thus promote commitment to the company's growth strategy. The planned share issues are aimed to further strengthen the team spirit and the value of entrepreneurship in our company," says Patrick Anderson, CEO of United Bankers.

Additional information:

Patrick Anderson, CEO, United Bankers Plc

Email: patrick.anderson@unitedbankers.fi

Telephone: +358 400244544, +358 925380236

Nina Rosenlew, General Counsel, United Bankers Plc

Email: nina.rosenlew@unitedbankers.fi

Telephone: +358 405226519, +358 925380261

Investor Relations: ir@unitedbankers.fi

United Bankers in brief:

United Bankers Plc is a Finnish expert on wealth management and investment markets, established in 1986. United Bankers Group's business segments include wealth management and capital markets services. In asset management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel and the Group employs 160 employees (FTE) and 31 agents (31 December 2023). In 2023, the United Bankers Group's revenue totalled EUR 52.1 million and its adjusted operating profit amounted to EUR 16.9 million. The Group's assets under management amount to approximately EUR 4.6 billion (31 December 2023). United Bankers Plc's shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority's supervision. For further information on United Bankers Group, please visit www.unitedbankers.fi (https://unitedbankers.fi/en/united-bankers-group/).

DISTRIBUTION:

Nasdaq Helsinki

Main media

www.unitedbankers.fi (https://unitedbankers.fi/en/united-bankers-group/)