Šiaulių Bankas AB has increased its share capital by LTL 4.4m.

2004-06-12

Šiaulių Bankas AB has increased its share capital by LTL 4.4m.

On 10th June 2004, the new edition of the Statutes of Šiaulių Bankas AB with the increased share capital has been registered in the register of legal persons. The Bank's share capital after the increase is LTL 52.750 m.
Shareholders' meeting of 29th March 2004 decided to increase the Bank's share capital by issuing 4,404,060 ordinary registered shares with the nominal value of 1 Litas. These shares are given to the shareholders free of charge 9.11% of the amount of shares held on the day of the meeting. This is the fourth time the Bank's share capital has been increased over the last 18 months. During this period the share capital has been increased by 55%.The market value of Šiaulių Bankas shares has increased almost twice since June 2003.