Dividend Payment Procedure Šiauliai, Lithuania, 2

Šiauliai, Lithuania, 2017-04-19 08:49 CEST (GLOBE NEWSWIRE) --  

Šiaulių Bankas AB, company code 112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai.

The General meeting of shareholders held on 30 March 2017 approved allocation of the profit of Šiaulių Bankas AB which included a payment of dividends - 0.005 euro shall be paid for each ordinary registered share with a nominal value of 0.29 euro. Dividends shall be distributed to persons who were the shareholders of Šiaulių Bankas AB at the end of the day of accounting of rights (13 April 2017).

 The Bank shall distribute dividends from 28 April 2017 in compliance with the following procedure:

- those shareholders whose shares are being accounted in the securities accounts with banks and financial brokerage companies rendering investment services   will receive an amount of dividends after deduction of Personal Income Tax or Corporate Profit Tax in compliance with the laws of the Republic of Lithuania which shall be transferred to the accounts with the respective banks or financial brokerage companies;

- those shareholders whose shares are being accounted with Šiaulių Bankas AB will receive an amount of dividends after deduction of Personal Income Tax or Corporate Profit Tax in compliance with the laws of the Republic of Lithuania which shall be transferred to the bank account with Šiaulių Bankas AB, if a shareholder has an account with the bank. Those shareholders who do not have a bank account with Šiaulių Bankas AB shall receive dividends in cash or to a bank account with another bank specified by the shareholder (applications regarding transfer of dividends to a bank account with another bank specified by a shareholder may be submitted in any customer service point of Šiaulių Bankas AB). 

Taxation of dividends:

- Dividends of natural persons residents of the Republic of Lithuania and foreign countries shall be subject to 15 per cent of the Personal Income Tax rate;

- Dividends of legal entities residents of the Republic of Lithuania and foreign countries shall be subject to 15 per cent of the Corporate Profit Tax rate, unless otherwise provided for in the laws.

Chief Executive Officer  Vytautas Sinius

         Additional information shall be provided by Head of Securities Accounting Unit Jolanta Dobiliauskienė, tel. +370 41 595 669