OREANDA-NEWS. August 31, 2011. Ukio bankas successfully completed offering of new LTL 50 million nominal value share issue. During the term of offering from 18 to 25 August 50 million units of LTL 1 nominal value shares were subscribed and fully paid, reported the press-centre of Ukio Bankas.

The disseminated share issue will enable to increase authorised capital of Ukio bankas up to LTL 345 824 million.

„Successfully disseminated new share issue when finance markets have not recovered after economic crises and are incurring new shakes evidence that existing shareholders as well as new investors trust Ukio bankas and believe in its perspectives. After performing all necessary procedures, new share issue will contribute to the further business development and growth of the bank”, - said Gintaras Ugianskis Chairman of the Board of Ukio bankas.

Price of 1 share of new 50 million ordinary registered shares issue was LTL 1 par value. Offering of shares issue was executed in three stages. On the first stage of offering the shareholders of the bank were given a term of 15 calendar days from the beginning of issue dissemination to exercise a priority right to acquire shares of new issue. During the first stage of issue the biggest number of shares were subscribed and paid – 28 361 647 units. During the second stage all willing investors could submit applications, subscribe and acquire shares. 21 629 353 shares were subscribed and paid during this stage. All non purchased shares amounting 9000 were sold during the third stage.

Investors will be able to dispose subscribed and paid shares after the bank’s articles of association related to increase of statutory capital will be modified and registered as prescribed by law and the shares will be included into the securities accounts of the investors.

Ukio bankas has regularly increased its authorised capital since 1993. Last increase of statutory capital by additional contributions took place in September 2010.