Fellow Pankki Oyj completed the acquisition of Mobify Invoices Oy.
Fellow Pankki Oyj (HLSE:FELLOW) completed the acquisition of Mobify Invoices Oy on July 4, 2022. Mobify's entire personnel (7) will transfer to the Fellow Bank group, which will further accelerate the development of Fellow Bank's digital services. The purchase price 1.3 million was paid partly in cash and partly in new shares of Fellow Bank. The control of the company was transferred to Fellow Bank on July 4, 2022. On July 4, 2022, The Board of Directors of Fellow Bank Plc has decided to launch a share plan for group's key employees. New share plan replaces Fellow Finance's discontinued option plans due to merger. The target group of the share plan includes in total 14 key employees including some management team members.