Understanding Shareholder Rights and Bank Capital Structures
Overview of Shareholder Dynamics
When banks engage in share buybacks, they often provide vital information about their share structures and voting rights. This is particularly the case with Artea Bankas AB, which has recently taken significant steps to manage its shares effectively. In this article, we delve into the essential aspects of its share capital, voting rights, and overall governance.
Details of Issued Shares
Artea Bankas AB, a well-regarded financial institution, has ordinary registered shares distinguished by their voting rights. The details of these shares include:
Type of Shares
The bank has issued ordinary registered shares, which grant shareholders ownership in the institution and give them a voice in crucial decisions.
ISIN and LEI Codes
The International Securities Identification Number (ISIN) for Artea Bankas is LT0000102253, while its Legal Entity Identifier (LEI) is 549300TK038P6EV4YU51. These codes serve to reliably identify the bank and its stock in global trading platforms.
Share Capital Insights
The nominal value of each share plays a critical role in the bank's capital structure. Each share is valued at EUR 0.29, contributing to a substantial total share registry.
Capital Structure
As of the latest figures, Artea Bankas has a total of 652,398,897 shares issued. This highlights the scale of its operations and allows for significant participation by shareholders in meetings and decisions.
Authorized Capital Breakdown
The bank's authorized capital amounts to EUR 189,195,680.13, providing a sizable financial foundation that supports the bank's ongoing operations and strategic initiatives.
Understanding Voting Rights
Voting rights are vital for shareholder engagement and accountability within the bank. Every issued share grants a vote, allowing shareholders to influence decisions at General Meetings.
Total Votes Granted
In total, the number of voting rights awarded to shareholders corresponds directly to the shares issued, with each share tallying to 652,398,897 votes available for participation in governance.
Quorum for Meetings
For the General Meeting of Shareholders to proceed, a quorum is necessary. Artea Bankas mandates a minimum of 649,118,647 votes to ensure that decision-making processes are representative of the shareholder base. This level of participation is crucial for valid and binding resolutions.
Contact Information
If you have questions regarding your shares or voting rights, you can reach out to:
Tomas Varenbergas
Chief Financial Officer
Email: tomas.varenbergas@artea.lt
Phone: +370 610 44447
Frequently Asked Questions
What types of shares does Artea Bankas issue?
Artea Bankas issues ordinary registered shares that grant voting rights to shareholders.
What is the nominal value of each share?
The nominal value of each share issued by the bank is EUR 0.29.
How many total shares does Artea Bankas have?
As of now, Artea Bankas has issued a total of 652,398,897 shares.
What is the authorized capital of Artea Bankas?
The authorized capital of Artea Bankas amounts to EUR 189,195,680.13.
How many votes are required for a quorum at the General Meeting?
A total of 649,118,647 votes is necessary to establish a quorum for the General Meeting of Shareholders.
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