Fellow Pankki Oyj (HLSE:FELLOW) entered into an agreement to acquire the entire share capital of Mobify Invoices Oy from Mobify's current shareholders on July 4, 2022. The purchase price for Mobify's shares is paid partly in cash and partly in new shares of Fellow Bank. Fellow Bank will issue a total of 1,175,088 new shares as a partial payment of the purchase price. After the registration of the new shares, the number of all shares in the company will be 88,332,182. Mobify will be able to continue developing digital services as part of Fellow Bank. Mobify's entire personnel (7) will transfer to the Fellow Bank group, which will further accelerate the development of Fellow Bank's digital services.

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.