Successful dissemination of new shares issue

2004-11-09

Successful dissemination of new shares issue

All 3 250 000 shares’ issue with a nominal value of 1 LTL was disseminated at issue price of LTL 1.70.
Šiaulių bankas shares’ emission issued on the decision of general Shareholders meeting of 20th July 2004 was started to disseminate from 21st September 2004. Dissemination of shares was executed in two stages. First stage - for the bank’s Shareholders who have a priority to acquire new shares in proportion to the number of their already owned shares.
In the second stage, shares, available after the first stage, were disseminated to all requesting them.
There was a huge interest from investors in the second stage. Lithuanian and foreign insurance companies, investment funds, physical persons announced an intention to acquire almost 12 million shares for approximately LTL 20 million. Demand overdrew supply 5.4 times.