OREANDA-NEWS. December 05, 2007. According to the extraordinary shareholders` meeting decision "About the JSC "Latvijas Krajbanka" stock capital increase", adopted on 15.10.2007, and to the Financial and Capital Market Commission Council decision No. 148 "About the permission for the JSC "Latvijas Krajbanaka" to utter the public offer of the shares", adopted on 26.10.2007, the joint-stock company "Latvijas Krajbanka" (hereinafter referred to as - Krajbanka) has emitted and now performs distribution of 2'240'000 ordinary bearer shares with voting right (hereinafter referred to as the "Shares"). The nominal value of the share is LVL 1 (one lat), reported the press-centre of Latvijas Krajbanka.

During the stage one of the subscription, which ended on the November 30th 2007, 1'707'948 ordinary bearer shares were subscribed to and fully paid, which comprise 76% of the emitted shares. There were 532'052 non-placed shares.          

The stage two of the subscription will take place on the December 6th from 10:00 o'clock until 17:00 o'clock. 532'052 (five hundred thirty two thousand fifty-two) ordinary bearer shares will be offered for the subscription.

Only those Shareholders, who have participated in the stage 1of the subscription and used their pre-emptive rights, are entitled to participate in stage two.

The JSC "Latvijas Krajbanka" will inform about the results of the stage two of the subscription on its website www.lkb.lv in accordance with the order stated in the Emission prospectus.