OREANDA-NEWS. February 01, 2011. [AB Bankas “Snoras” (registered on 17 March 1992 in the State Enterprise Centre of Registers of the Republic of Lithuania under the code 112025973, having its legal address: 7 A. Vivulskio Str., LT-03221, Vilnius, the Republic of Lithuania, phone (8 5) 239 2239, fax number (8 5) 232 7300, e-mail address: info@snoras.com, website address: www.snoras.com) expresses mandatory redemption offer (hereinafter referred to as – the Offer) of shares of joint-stock company “Latvijas Krajbanka” (registered in the Commercial Register of Register of Enterprises of the Republic of Latvia on 10 December 2004 under single registration number 40003098527; having its legal address: in Riga, 15 Jana Dalina Street, LV-1013; information line: + 371 67092020; fax number: + 371 67092070; e-mail address: info@lkb.lv; website address: www.lkb.lv), reported the press-centre of Latvijas Krajbanka.

The repurchase price of one ordinary share, ISIN code LV0000100683, amounts to LVL 2.56 (two lats and 56 santims). 

The repurchase price of one “A” category preference share, ISIN code LV0000200012, amounts to LVL 8.01 (eight lats and 01 santims).

The share price has been set detected pursuant to the requirement of Clause 74 of the Financial Instrument Market Law. 

The Offer period: from 28 January 2011 up to 28 February 2011 inclusive (30 calendar days, starting with the day, when the AB Bankas “Snoras” notice on initiation of the Offer is published in the newspaper “Latvijas Vestnesis”. If thus defined Offer period ends on Saturday, Sunday or on public holiday, then the next working days shall be deemed the ending day of the Offer period).

The one can become acquainted with the Offer Prospectus on website of “Latvijas Krajbanka” on the Internet www.lkb.lv or on website of AS “NASDAQ OMX Riga”  www.nasdaqomxbaltic.com.