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Thursday, 25.04.2024, 13:14
Lithuania's Siauliu Bankas plans to increase capital by EUR 22 mln
BC, Vilnius, 09.03.2017.
Print version
Print versionSiauliu Bankas, a Lithuanian bank controlled by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, is set to increase its authorized capital by 21.894 mln euros to 131.366 mln euros through a bonus issue, writes LETA/BNS.
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The banks plans to issue 75.498 mln ordinary registered
shares, at a face value of 0.29 euros each, free of charge to existing
shareholders.
The management board also proposes to distribute 1.887 mln
euros, or 0.5 euro cent per share, as dividends to shareholders and to pay
out 442,000 euros in profit-related bonuses to members of the supervisory
board.
Siauliu Bankas' shareholders will be asked to vote on these
proposals on Mar. 30, the bank said in a stock exchange release on
Thursday.
The bank, in which the EBRD holds an 18.24% stake, last
year posted 41.677 mln euros in net profits, up from 21.151 mln euros in 2015.
Its undistributed profits at the end of 2016 totaled 58.281 mln euros.
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