Latest news with #Chapter9
Yahoo
13-06-2025
- Business
- Yahoo
Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö's holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025. According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp's shares and votes. OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089. The holding of Parkanon Säästöpankkisäätiö sr according to the announcement: % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089 Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771 Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: Class/type of shares Number of shares andvoting rights % of shares andvoting rights ISIN code Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) FI4000306733 3 330 000 0 9,99 0 A total 3 330 000 9,99 Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Distribution: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.
Yahoo
13-06-2025
- Business
- Yahoo
Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent
OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö's holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025. According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp's shares and votes. OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089. The holding of Parkanon Säästöpankkisäätiö sr according to the announcement: % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089 Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771 Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rights: Class/type of shares Number of shares andvoting rights % of shares andvoting rights ISIN code Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect(SMA 9:6 and 9:7) FI4000306733 3 330 000 0 9,99 0 A total 3 330 000 9,99 Oma Savings Bank Plc Additional information: Karri Alameri, CEO, tel. +358 45 656 5250, Distribution: Nasdaq Helsinki LtdMajor OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp's 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners' products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations. OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.
Eyewitness News
09-06-2025
- Politics
- Eyewitness News
Parliament to get to work on amending Constitution following high court order barring John Hlophe from serving on JSC
CAPE TOWN - Following last week's high court ruling that a judge impeached for gross misconduct can't serve on the Judicial Service Commission, Parliament is set to get to work on amending the Constitution during this administration. Besides a submission made to the Constitutional Review Committee by the Council for the Advancement of the South African Constitution (CASAC), the DA says a bill to this effect is already in the pipeline. ALSO READ: The party's justice spokesperson, Glynnis Breytenbach, said it's important to tighten the law to prevent impeached individuals from making a return in other spheres of government. The National Assembly speaker is yet to announce the next steps in filling the vacancy on the judicial service commission. The seat belongs to the MK party, which plans to appeal a ruling preventing its parliamentary leader, John Hlophe from serving on the body. CASAC wants Parliament's Constitutional Review Committee to consider amending sections 177 and 194 to specify that any person removed from judicial office or a Chapter 9 institution may not hold any other public office. Breytenbach, co-chair of the committee, said a Private Member's Bill has already been prepared and is with Parliament's legal drafters. "I think it's very important that Parliament is populated with MPs who are ethical, honest, reliable and have integrity, so the sooner we can prevent bad eggs like John Hlophe and Busisiwe Mkhwebane coming to Parliament, the better." The Western Cape High Court said in a judgment last week that the National Assembly had not acted rationally nor constitutionally when it rubberstamped the MK Party's nomination for the JSC.
Eyewitness News
15-05-2025
- Politics
- Eyewitness News
MPs mull proposal for SIU to be merged into independent body
CAPE TOWN - The National Anti-Corruption Advisory Council (NACAC) is suggesting the Special Investigating Unit (SIU) be merged into a new, independent body it proposes be called the Office of Public Integrity. Like many other African countries, which have anti-corruption commissions, the council established by the president thinks South Africa should do the same. On Wednesday, NACAC briefed Parliament's justice committee on changes being mooted to the country's anti-corruption architecture, and how this differs from a private member's bill introduced by the Democratic Alliance, Glynis Breytenbach, for the establishment of a Chapter 9 anti-corruption body. The second phase of its work, before wrapping up its three-year term in August, NACAC said it doesn't believe a single body is capable of fighting corruption. The council's David Lewis said it's weighing up whether setting up a constitutional body under chapter 9 would delay the establishment of an agency that can deal with systemic corruption in the country. "Can this SIU be strengthened in such a way as to enable it to carry out already a large number of the functions that we're recommending should be undertaken by this body, so as to short-circuit the way of establishing the institution."
Eyewitness News
05-05-2025
- Politics
- Eyewitness News
SA hosts Commonwealth Anti-Corruption Conference
CAPE TOWN - Combating corruption in Africa will feature prominently in Cape Town on Monday, where Commonwealth countries will gather to discuss best practices. As the South African host, the Special Investigating Unit (SIU) will lead the 15th Commonwealth Regional Conference for Heads of Anti-Corruption Agencies in Africa. The unit has been at the forefront of unearthing corrupt practices in state institutions in the aftermath of state capture and during the COVID-19 pandemic. Anti-corruption bodies from 21 countries make up the Association of Anti-Corruption Authorities in Commonwealth Africa. They will be meeting under the theme, "Enhancing Inclusive Participation of State and Non-State Actors to Prevent and Combat Corruption." South Africa is estimated to lose billions of rands each year as a result of corruption in procurement in state departments, and the COVID-19 pandemic made this even more apparent, as civil servants also tried to fraudulently claim relief benefits. READ: SIU launching corruption & maladministration probe into govt depts, SOEs The Democratic Alliance (DA) has tabled a bill in Parliament seeking to establish a new anti-corruption body - an independent Chapter 9 institution to investigate and prosecute high-level corruption and organised crime. But the proposal is yet to garner the necessary political backing. Some of the countries that have similar anti-corruption commissions - including Namibia, Eswatini, Malawi, Mauritius and Kenya - will be present at this week's regional conference of anti-corruption bodies. Justice Minister Mmamoloko Kubayi will deliver the opening address.
