ABLV Bank performed issue of employee shares Riga,

Riga, Latvia, 2017-01-02 12:38 CET (GLOBE NEWSWIRE) -- On 29 December 2016, during the Extraordinary Meeting of Shareholders of ABLV Bank, AS a decision was made to increase the bank’s share capital with a special purpose by issuing 300 000 employee shares. Following the increase of the ABLV Bank, AS share capital, it equals EUR 38.3 million and is comprised of 34 470 000 registered voting shares and 3 830 000 employee shares. As before, the employee shares will be used to increase the long-term loyalty of the bank’s key officers and their interest in efficient company management. The employee shares provide the right to receive dividends, but no voting rights are attached to those. The list of officers and the number of shares allocated to them are approved by the Council of ABLV Bank, AS. This announcement contains inside information.

ABLV Bank, AS is the largest independent private bank in Latvia. The bank’s major shareholders Oļegs Fiļs, Ernests Bernis and Nika Berne directly and indirectly hold 86.55 % of the Bank's voting share capital. ABLV Group includes ABLV Bank, AS; ABLV Bank Luxembourg, S.A.; ABLV Capital Markets, IBAS; ABLV Asset Management, IPAS; Pillar Holding Company, KS; ABLV Consulting Services, AS; ABLV Corporate Services, SIA; New Hanza City, SIA, and other companies. ABLV Group has representative offices in Moscow, St. Petersburg, Vladivostok, Kiev, Odessa, Minsk, Almaty, Baku, Tashkent, Hong Kong, Limassol, and New York.

         Ilmārs Jargans                    Head of Public Relations Department          ABLV Bank, AS          Tel.: +371 6777 5296          e-mail: ilmars.jargans@ablv.com