Overview of Artea Bankas AB Shares
In the world of finance, understanding the structure and rights associated with shares is crucial for investors. Artea Bankas AB is no exception, providing essential information regarding its shares and the rights attached to them. Following a significant capital reduction, stakeholders are keen to grasp important details about voting rights and the overall authorized capital. This overview sheds light on the numbers behind these shares and what they represent for shareholders.
Type of Shares at Artea Bankas AB
Artea Bankas AB primarily offers ordinary registered shares, represented by the ISIN code LT0000102253. Each share has a nominal value of EUR 0.29, which is a crucial figure as it underpins the overall capitalization of the institution. With a total of 652,398,897 shares issued, each represents a stake in the bank's operations and governance.
Understanding Voting Rights
Each issued share grants its holder one vote, equating the total number of voting rights to the number of shares — 652,398,897 in total. This provides shareholders with a significant voice in the governance of the bank through their votes in General Meetings. Specifically, 649,508,647 of these votes are counted when calculating the quorum during the General Meeting of Shareholders, emphasizing the importance of shareholder participation.
Authorized Capital Structure
The authorized capital for Artea Bankas AB stands at EUR 189,195,680.13. This figure is pivotal as it outlines the maximum capital that can be issued to shareholders without requiring additional approval. Managing authorized capital effectively ensures the bank's ability to secure investment and support its financial operations without unnecessary complications.
Importance of Accurate Information
Transparency in financial reporting is vital for stakeholder trust. By providing detailed information about share types, voting rights, and capital structure, Artea Bankas AB demonstrates its commitment to maintaining open communication with shareholders and the broader investment community. Investors can assess the bank's stability and governance quality, which are paramount for making informed decisions.
Engaging with Artea Bankas AB
If you have further inquiries about your holdings or the bank's financial status, the Chief Financial Officer, Tomas Varenbergas, is available for communication. He can be reached at tomas.varenbergas@artea.lt or by phone at +370 610 44447. Engaging with the leadership team allows shareholders to gain deeper insights and address specific concerns they might have regarding their investments.
Frequently Asked Questions
What is the ISIN code for Artea Bankas AB shares?
The ISIN code for Artea Bankas AB shares is LT0000102253.
How many shares are currently issued by Artea Bankas AB?
Artea Bankas AB has issued a total of 652,398,897 shares.
What is the nominal value of an Artea Bankas AB share?
The nominal value of each share is EUR 0.29.
How many voting rights do shareholders have?
Each share grants one voting right, totaling 652,398,897 voting rights for all issued shares.
Who can I contact for more information on my shares?
For more information, you can contact Tomas Varenbergas, the Chief Financial Officer, at tomas.varenbergas@artea.lt.
