Siauliu Bankas - Notification on material event

It has been resolved to start liquidation of three non-financial subsidiaries of Šiaulių Bankas

Šiauliai, Lithuania, 2016-04-27 08:50 CEST (GLOBE NEWSWIRE) -- 

Šiaulių bankas AB (hereinafter referred to as the Bank), company code
112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai. 

On 26 April 2016, the Management Board of the Bank passed a resolution to start
the process of liquidation of the subsidiaries directly controlled by the Bank
Investicinio turto valdymas UAB  and Trade project UAB  as well as the
indirectly controlled subsidiary Žalgirio sporto arena UAB. The Bank acquired
control over these subsidiaries in 2013 assuming part of Ūkio bankas AB assets
and liabilities. After selling the non-banking assets of these companies, their
further operation is considered as purposeless. 



Chief Executive Officer  Vytautas Sinius


         Head of the Assets Restructuring Division Ilona Baranauskienė shall
provide additional information and is available on the tel. +370 41 383 988