Overview of Shares and Voting Rights
Investing in a bank involves understanding its share structure, voting rights, and authorized capital. After the recent share acquisition, Artea Bankas AB has vital information to share with its stakeholders regarding these aspects. This article provides a comprehensive overview of ordinary registered shares, their associated rights, and the financial specifics behind the authorized capital.
Details of Shares Issued
Artea Bankas AB has detailed the essential characteristics of its shares, marking significant transparency for investors. The ordinary registered shares are the primary type issued, supporting the governance structure within the bank by granting essential voting rights.
Understanding Share Types
The bank issues ordinary registered shares, which typically carry voting rights, allowing shareholders to have a say in significant decisions affecting the bank's operations and strategic direction. This ensures that each share is integral to the governance framework, enhancing accountability to investors.
Share Ownership and Voting Rights
The voting rights allotted to shareholders are crucial for decision-making at the bank. Each ordinary share grants one vote, empowering shareholders to influence the outcome of votes during general meetings. The current total number of shares issued stands at 662,996,646, which means the same number of votes have been conferred to its shareholders.
ISIN and LEI Codes
For regulatory compliance and proper identification, Artea Bankas AB has provided its ISIN code (LT0000102253) and its LEI code (549300TK038P6EV4YU51). These codes serve as essential identifiers in the global market, ensuring clarity when trading shares and conducting transactions.
Authorized Capital Overview
The bank has reported an authorized capital standing at €192,269,027.34, which forms the financial backbone supporting its growth strategies. This capital is the maximum amount of share capital that the bank is authorized to issue, reflecting its financial health and capacity for future endeavors.
Nominal Value of Shares
The nominal value of each share currently issued by Artea Bankas AB is €0.29. This nominal value is instrumental in assessing the bank's total equity and shareholder investments. It provides a face value for the investor's initial stake when shares are issued.
Quorum Requirements for General Meetings
Understanding voting mechanics is crucial for shareholders. For a general meeting of shareholders to be valid, a quorum of 650,898,897 votes is required. This threshold ensures that significant decisions are made with adequate representation, reflecting a consensus among shareholders.
Contact Information for Investors
For additional information or inquiries regarding share ownership, voting rights, or authorized capital, investors can reach out to:
Tomas Varenbergas
Head of Investment Management Division
Email: tomas.varenbergas@artea.lt
Phone: +370 610 44447
Frequently Asked Questions
What types of shares does Artea Bankas AB issue?
Artea Bankas AB primarily issues ordinary registered shares, which come with voting rights for the shareholders.
How many shares has Artea Bankas AB issued?
The bank has issued a total of 662,996,646 shares, equating to the same number of votes conferred to shareholders.
What is the nominal value of each share?
The nominal value of each share is €0.29, which reflects the initial stake of the shareholders.
What is the bank's authorized capital?
Artea Bankas AB's authorized capital is €192,269,027.34, which supports its financial structure and growth strategy.
What is the quorum needed for general meetings?
The required quorum for the general meeting of shareholders is 650,898,897 votes, ensuring that major decisions have substantial shareholder representation.
