|
||||||||||
2024-04-30 15:39:43 CEST 2024-04-30 15:39:43 CEST REGULATED INFORMATION Siauliu Bankas - Notification on material eventNotice on Public Offering of Tier 2 Subordinated Notes of AB Šiaulių bankasAkcinė bendrovė Šiaulių bankas (the Bank) hereby announces a public offering of Tier 2 Subordinated Notes (the Tier 2 Subordinated Notes or Notes). The offering is conducted on the basis of the Base Prospectus (the Prospectus) of 100,000,000 Euro Tier 2 Subordinated Note Programme (the Programme) of the Bank approved by the Bank of Lithuania on 23 April 2024, that has been disclosed on the date of its approval on the web pages of the Bank (https://sb.lt/), AB Nasdaq Vilnius Stock Exchange (Nasdaq Vilnius) (https://nasdaqbaltic.com/) and the Central Regulated Information Base (www.crib.lt). This is the first issue of the Tier 2 Subordinated Notes, in the amount of up to EUR 25,000,000 under the Programme. The public offering of the Tier 2 Subordinated Notes will be carried out in Republic of Lithuania, Republic of Latvia and Republic of Estonia. Main terms of the offering The Bank offers publicly up to 25,000 Tier 2 Subordinated Notes with the nominal value of EUR 1,000, the maturity date of 22 May 2034 and a quarterly paid fixed interest rate of 7.70% per annum. Tier 2 Subordinated Notes will be offered at an issue price of EUR 1,000 per one Note. Tier 2 Subordinated Notes will be issued in a dematerialized book-entry form and registered in Nasdaq CSD under ISIN code LT0000409013. The offering will be targeted to Lithuanian, Latvian and Estonian retail and institutional investors. Tier 2 Subordinated Notes represents an unsecured debt obligation of the Bank to the investor. The subordination of the Notes means that upon the liquidation or bankruptcy of the Bank, all the claims arising from the Tier 2 Subordinated Notes shall fall due and shall be satisfied only after the full satisfaction of all unsubordinated recognised claims in accordance with the applicable law. Among other things, with Tier 2 Subordinated Notes, the risk of conversion of liabilities and claim rights (bail-in risk) must be considered. Timetable of the offering
Submitting subscription undertakings In order to subscribe for the Tier 2 Subordinated Notes, an investor must have a securities account with the financial intermediary which is an exchange member of Nasdaq Vilnius and fill in a subscription order form provided by it during the offering period only in order for the exchange member to enter a buy order in Nasdaq’s Vilnius trading system. The list of exchange members is available on the website https://nasdaqbaltic.com/statistics/en/members. The subscription orders shall be submitted by means accepted and used by the exchange members (e.g. physically, via the internet banking system or by any other available means). Listing and Admission to Trading of Tier 2 Subordinated Notes The Bank intends to submit an application to Nasdaq Vilnius for the listing and admission to trading of the Bank’s Tier 2 Subordinated Notes on the Bond List of the Nasdaq Vilnius. The expected date of listing and admission to trading is on or about 28 May 2024. While every effort will be made and due care will be taken to ensure the listing and the admission to trading of the Tier 2 Subordinated Notes, the Bank cannot ensure that the Tier 2 Subordinated Notes will be listed and admitted to trading. Availability of Prospectus and Final Terms of the offering The Prospectus has been published and can be obtained in electronic format from the Banks’ website (https://sb.lt/), Nasdaq Vilnius website (https://nasdaqbaltic.com/) and the Central Regulated Information Base’s website (www.crib.lt). Copies may also be obtained from the registered office of the Bank, as well as from its office at the address Šeimyniškių str. 1A, Vilnius, the Republic of Lithuania. Before investing into Tier 2 Subordinated Notes we ask you to acquaint yourself with the Prospectus, the Terms and Conditions of the Notes, including the Final Terms of the first issue. Moreover, each potential investor in the Notes must determine the suitability of the investment in light of its own circumstances as Tier 2 Subordinated Notes are classified as complex financial instruments. Thus, each potential investor may invest into if they have the expertise (either alone or with a financial adviser) to evaluate how the Tier 2 Subordinated Notes will perform under changing conditions, and the impact of this investment will have on the potential investor’s overall investment portfolio. Additional information: IMPORTANT NOTICE: The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States. |
||||||||||
|