OREANDA-NEWS. As it was informed before the public offer of AS “Latvijas Krajbanka” (hereinafter referred to as Krajbanka) shares ended on January 6th 2009, reported the press-centre of Latvijas Krajbanka.

According to the extraordinary shareholder’s meeting decision dated October 24th 2008, the issue is considered to be happen in incomplete amount. At the same time the biggest shareholder of the bank AB Bankas “Snoras” has addressed the AS ”Latvijas Krajbanka” board with a suggestion to perform all the necessary activities to continue the issue process.

After evaluating the public offer results, the shareholder’s suggestion, as well as the demands of Krajbanka regulatory documents and normative acts, the board of Krajbanka decided to call an extraordinary shareholders` meeting on February 16th 2009 and place on the agenda the items about public offer results and about the Krajbanka stock capital increase.

The board is planning to offer the shareholders` meeting to admit the share issue null and void, and at the same time to adopt a new decision about the stock capital increase. Regarding the foresaid the board decided not to include the 10 new issue shares into the Secondary list of the AS “Rigas Fondu birza” (hereinafter referred to as – Stock Exchange) until adoption of the decision about the issue results at the shareholders` meeting.

On January 9th 2009 the application was send to the Stock Exchange, in which Krajbanka recalls the listing application of the new issue shares and asks the Stock Exchange to stop the listing procedure of the new emission shares launched on December 30th 2008.