|
|||
2009-12-23 15:25:42 CET 2009-12-23 15:26:42 CET REGULATED INFORMATION Siauliu Bankas AB - Notification on material eventThe documents related to the convertible loan have been signed, the conditions of conversion are being announcedOn 22 December 2009 the final documents related to receiving the convertible loan of EUR 30 million from the European Bank for Reconstruction and Development (EBRD) were signed. The EBRD shall have a right to convert the loan (in total or its portion) into the ordinary registered shares of Šiaulių bankas AB in the following cases: if shareholders of Šiaulių bankas decide to increase the Bank's share capital; if the Bank's total capital adequacy ratio falls below the minimum level required by the Bank of Lithuania plus 200 basic points; if more than 40% of the Bank's shares would be sold to a strategic investor; if the Loan is not yet fully repaid to the EBRD at any time during the year of 2014. Deputy Chief Executive Officer Donatas Savickas tel.: +370 41 595602. |
|||
|