Invalda INVL Adjusts Shareholding in Artea Bank to Comply

Invalda INVL Adjusts Shareholding in Artea Bank

Invalda INVL, the leading asset management group and significant stakeholder of Artea Bank, recently made a strategic decision regarding its shareholding in the bank. To adhere to the European Central Bank's (ECB) ownership limits, Invalda INVL sold a small portion of its stake amounting to 2 million shares, representing 0.3% of the authorized capital.

Strategic Sale of Shares

The shares acquired through this transaction were purchased by Algirdas Butkus, who is not only the founder of Artea Bank but also one of its primary shareholders. This move aligns with the ECB's requirement that limits any single shareholder to a maximum stake. By reducing their ownership, Invalda INVL effectively ensured compliance, fostering a stable governance structure.

Future Prospects for Artea Bank

Vytautas Sinius, the CEO of Artea Bank, discussed how this strategic maneuver could impact the bank's future. He revealed, "With the ECB's permission, Artea Bank has proceeded to buy back its own shares, which will soon be canceled in accordance with the resolution passed at the general meeting of shareholders. This action leads to a reduction in the bank's authorized capital, which will now be set at EUR 189,195,680."

Share Capital Revisions

As part of the decision made at the shareholders' meeting on March 31, 2025, Artea Bank plans to annul a total of 10,597,749 of its shares. This step reflects the bank's commitment to redefining its capital structure and maintaining a robust position in the financial market.

Updated Shareholding Landscape

Following this settlement, the ownership stakes in Artea Bank reflect a mosaic of interest. Invalda INVL maintains a shareholding of 19.9%, while Willgrow, managing Girteka Logistics, holds 8.9%. The European Bank for Reconstruction and Development (EBRD) has a stake of 7.2%, and Tesonet Global owns 5.3%. Meanwhile, Algirdas Butkus and related parties possess around 5.4%, and G. Kateiva and associated parties account for 5.0%.

Impact of the Shareholding Changes

The remaining shares of Artea Bank are distributed among various institutional and retail investors, illustrating a diversified shareholding structure. This ongoing evolution reflects a carefully curated strategy to maintain relationships with core stakeholders who have instilled confidence in the bank’s long-term vision.

Commitment to Core Shareholders

In his remarks, Sinius emphasized the importance of retaining a strong bond with the bank's core and long-term shareholders, stating that their confidence plays a crucial role in the team's motivation to achieve results under the new brand.

Contact Information for Inquiries

For further information regarding this transaction or inquiries about Artea Bank's activities, please reach out to Tomas Varenbergas, the Head of Investment Management Division. Here are the contact details for further assistance:
tomas.varenbergas@artea.lt
+370 610 44447

Frequently Asked Questions

What prompted Invalda INVL to reduce its shareholding in Artea Bank?

The reduction was necessary to comply with the 20% ownership threshold set by the European Central Bank.

Who acquired the shares sold by Invalda INVL?

The shares were acquired by Algirdas Butkus, the founder and primary shareholder of Artea Bank.

What is the new authorized capital of Artea Bank?

Following the annulment of shares, the new authorized capital of Artea Bank will be EUR 189,195,680.

How does this sale affect Invalda INVL’s stake in Artea Bank?

Post-transaction, Invalda INVL retains a 19.9% stake in Artea Bank.

What is Artea Bank's plan for the future?

Artea Bank aims to strengthen its capital position and maintain relationships with its core shareholders to pursue positive results under its rebranded identity.

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