WOOD Flash – Siauliu Bankas: issues new shares by capitalising unallocated profit
Based on the EGM’s decision on 29 March, Siauliu Bankas has issued new shares by capitalising part of its unallocated profit. The ex-date for the operation was 13 April. The total number of ordinary shares has increased from 452,986,172 to 543,583,406. As a consequence, we have reduced our price target (PT) for the bank to EUR 0.60/share, from EUR 0.71/share.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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