CALGARY, Alberta--(BUSINESS WIRE)--Olympia Financial Group Inc. ("Olympia") (TSX: OLY) is pleased to announce that the landlord has consented to Olympia’s sublease of the 40th, 39th and 38th floors of the East Tower of the Centennial Place building located at 520 - 3rd Avenue S.W, Calgary, Alberta, until December 31, 2025. Approximately, 50,607 square feet has been leased by Olympia under the sublease.
Olympia Executive Vice President Craig Skauge remarked “We are extremely excited to relocate our head office to such a great building. While the dynamic of our workplace has been temporarily disrupted, we’re optimistic that things will return to normal in the latter part of 2021 or early 2022. We believe the move will bring some much-needed excitement to our team and reinvigorate our staff after a tough 2020.”
Olympia plans to begin operations in the new office in the Second Quarter of 2021 and its employees will gradually transition to the new office by end of the First Quarter of 2022.
About Olympia Financial Group Inc.
Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, provides currency exchange and payment services, corporate trust and transfer agency services. OFGI also offers private health services plans, and information technology services to exempt market dealers, registrants and issuers through its subsidiary Olympia Benefits Inc.
Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.
Statements Regarding Forward Looking Information
Certain portions of this press release as well as other public statements by Olympia contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward–looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continue”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. Forward-looking statements contained in Olympia’s public disclosure include, without limitation, Olympia’s earnings expectations, fee income, expense levels, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, catastrophic events, and Olympia’s ability to complete strategic transactions and other factors. In addition, this news release contains forward-looking statements relating to the timing of the transition of Olympia employees from Olympia’s current head office to Olympia’s new head office.
All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current interest rate and liquidity conditions affecting Olympia and the Canadian economy. Certain material factors or assumptions are applied by Olympia in making forward-looking statements, including without limitation, factors and assumptions regarding interest and foreign exchange rates, availability of key personnel, the effect of competition, government regulation of its business, computer failure or security breaches, future capital requirements, acceptance of its products in the marketplace, its operating cost structure, the current tax regime and the ability of Olympia to obtain necessary third-party and governmental approvals, as applicable.