OREANDA-NEWS. January 05, 2010. Due to changes in the regulations for calculation of bank capital adequacy, as well to promote further development of the Bank, on 28 December, shareholders of the Bank decided to increase Bank’s share capital.

According to the decision made at the extraordinary shareholders meeting, TKB will increase its share capital by LVL 8 000 000, issuing additionally 160000 shares. At the moment Bank’s share capital is LVL 6 337 100, which consists of 126 742 shares. After the increase the planned share capital will amount to LVL 14 337 100 and will consist of 286 742 shares. 

According to the approved terms of share capital increase:
1) subscription for the new issue shares will take place during the three-month period, following the day when the shareholders meeting has taken the decision on share capital increase;
2) the issued shares have to be paid up in full during a period of twelve months following the day when the shareholders meeting has taken the decision on share capital increase.