OREANDA-NEWS. November 30, 2010. AB Bank SNORAS Board has decided to offer the shareholders to increase the authorized capital by additional contributions. More detailed projects of the shareholders’ decision, the amount by which the authorized capital will be increased and the price of new shares that will be distributed will be announced during the extraordinary general meeting of the shareholders, which is planned to take place on 21 December 2010, reported the press-centre of Bank SNORAS. 

“Having decided to be included in the official trading list of the Stock Exchange, we immediately received more attention from institutional and local investors, therefore, seeking a larger value added for the bank and the shareholders we are planning to increase the liquidity of the shares. A larger capital would become a strong stimulus for the Bank’s development, would provide event more financial stability and trust on the international markets”, states Raimondas Baranauskas, the President of AB Bank SNORAS.

AB Bank SNORAS authorized capital of LTL 494,217 million currently consists of: 474,217 million of registered ordinary shares whose nominal value is 1 Litas and 2 million of non-voting registered preference shares whose nominal value is 10 Litas.

On 24 November 2010, 474 217 107 registered ordinary AB Bank SNORAS shares will be included from the additional trading list in the Official trading list of “NASDAQ OMX Vilnius” Stock Exchange. The total nominal value of the shares amounts to 474 217 107 Litas. The nominal value of one ordinary share is 1 Litas.

On Tuesday, 23 November, at the end of “NASDAQ OMX Vilnius” Stock Exchange trading session the shares of Bank SNORAS cost 1,526 Litas (EUR 0,442).

The trade with registered ordinary shares of Bank SNORAS in “NASDAQ OMX Vilnius” Stock Exchange began on 24 January 1994.