Investor Relations - Private & Corporate Customers
Rietumu Bank has Completed the Issue of Preference Shares
21-Mar-2014 / Notifications Rietumu Bank has completed the limited issue of dematerialised registered preference shares without voting rights intended for local and foreign clients and partners of the bank.
On 12 March the Rietumu Bank Council took a decision on finishing the process of increasing the share capital of the Bank by means of issuing dematerialised registered preference shares without voting rights.
The project of the preference shares issue was developed in autumn 2013, and clients and partners of the bank were correspondingly informed about it. The issue was performed in the first quarter of this year. The offer of the Rietumu shares has attracted much interest, the goals of the issue have been reached in full and it has been completed in advance. Further on holders of the preference shares will participate in the uniform distribution of the dividends, alongside other shareholders of the bank.
As a result of the issue, 13.3 million preference shares have been subscribed and paid up. The nominal value of one share is EUR 1.40, and its offer price is EUR 3.44. Therefore the own funds of the Bank has been increased by EUR 45.6 million up to EUR 344.3 million.
On 13 March the appropriate amendments to the Statutes of the JSC Rietumu Banka were registered in the Commercial Register of the Register of Enterprises of the Republic of Latvia. In accordance with the existing requirements, on 20 March the bank placed an official announcement regarding the completion of the issue of shares and the share capital increase on the webpage of the NASDAQOMX Riga Stock Exchange.
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