It has been agreed to terminate the Shareholders' Agreement
Šiaulių Bankas AB, company code 112025254, address Tilžės st. 149, LT-76348 Šiauliai.
Šiaulių Bankas AB (hereinafter referred to as the Bank) has been informed on 8 October 2018 that the Bank's shareholders – Prekybos namai “AIVA” UAB, “Mintaka” UAB, Įmonių grupė “Alita” AB, Gintaras Kateiva, Arvydas Salda, Algirdas Butkus, Kastytis Jonas Vyšniauskas, Sigitas Baguckas, Vigintas Butkus, Vytautas Junevičius and the European Bank for Reconstruction and Development (hereinafter referred to as the EBRD) - have signed the agreement to terminate the Shareholders' Agreement dated 3 June 2005.
The termination of the Shareholders’ Agreement has been prompted by the fact that at the time of signing the goals related to the improvement of the Bank's corporate governance and the implementation of the measures provided for in the Bank's Institution Building Plan have been achieved - the Bank has become a national financial institution specializing in small and medium business financing. During the period of validity of the Agreement, the Bank’s capital base and indicators have significantly strengthened.
The agreement provides that the Shareholder Agreement will be deemed to expire on that date when 57 142 857 ordinary registered shares of Šiaulių Bankas AB with a nominal value of 0.29 euro each, issued seeking to implement EBRD's right to convert the subordinated convertible loan of EUR 20 million granted to the Bank, shall be transferred to the EBRD's securities account.
Deputy Chief Executive Officer Donatas Savickas provides the additional information and is available on tel. .
