OREANDA-NEWS. June 02, 2014. Another issue of ABLV Bank shares that lasted from 7th of April till 16th of May was completed successfully.

Within this issue 2 243 062 ordinary registered voting shares were issued. After the issue, the bank’s share capital is composed of 29 385 000 ordinary voting shares and 3 015 770 employee shares without voting rights. The newly issued shares constitute 7.6% of the bank's voting share capital.

The issue of shares was performed in a form of non-public offering to a limited group of participants. The overall paid amount of applications equalled EUR 34.6 million, exceeding the offer amount by EUR 7.6 million, and therefore some of the applications have been fulfilled partly. The sale price of one newly issued share equalled EUR 12.05, and 66 current shareholders of the bank participated in this issue.

The subscription results once again evidenced that we have many loyal shareholders willing to personally participate in the bank’s development.

After completion of the issue, the bank’s major shareholders — Olegs Fils, Ernests Bernis and Nika Berne – directly and indirectly hold 86.23% of the bank's voting share capital.