Understanding Shares and Their Importance
In the world of banking, clarity regarding shares, voting rights, and authorized capital is vital for shareholders and stakeholders alike. This information provides insight into the financial health and governance structure of the organization. For Artea Bank, the communication of this information plays a significant role in maintaining transparency and building trust with its investors.
Overview of Shares and Voting Rights
Artea Bank, following its share acquisition, has prepared detailed disclosures in line with securities regulation. Such disclosures allow investors to evaluate the bank's share structure comprehensively. This involves knowing the types of shares available, their associated voting rights, and the authorized capital contributions necessary for capital planning.
Types of Shares at Artea Bank
Artea Bank issues ordinary registered shares, which are essential for participation in governance. Holders of these shares possess specific rights, including the ability to vote on crucial decisions affecting the direction of the bank. For investors, understanding the share type is fundamental to evaluating their influence within the bank’s operations.
ISIN and LEI Codes
Each share type is assigned an International Securities Identification Number (ISIN) for tracking and identifying shares in global markets. For Artea Bank, the ISIN code is LT0000102253, making it easy for investors to identify shares related to the bank.
Current Capital Structure
Insight into a bank's capital structure reveals essential information about its financial policies. The authorized capital of Artea Bank is stated at 192,269,027.34 EUR, with a total of 662,996,646 shares issued. This capital base is crucial for maintaining operational stability and facilitating growth opportunities.
Nominal Value of Shares
The nominal value assigned to each share is 0.29 EUR. Understanding this value helps in assessing the ownership percentages and the financial commitment required from shareholders. This aspect becomes crucial for both existing and potential investors as it helps evaluate the investment's viability.
Voting Rights Associated with Shares
Each share grants one vote, resulting in a total of 662,996,646 votes available. This total reflects the power held collectively by shareholders. For significant decisions, such as the election of board members or approving financial changes, these voting rights become very instrumental.
General Meeting of Shareholders
A key aspect of governance at Artea Bank is the General Meeting of Shareholders (GMS), which relies heavily on these voting rights. The quorum required for making decisions at the GMS stands at 650,498,897 votes. This threshold underscores the importance of shareholder participation in shaping the bank's future.
Significance of Authorized Capital
Authorized capital is crucial for the bank as it provides a buffer for operational and strategic needs. The authorized capital provides assurance to investors about the bank’s capability to withstand fluctuating market conditions and unexpected challenges. For Artea Bank, a strong capital base supports confidence and growth initiatives.
Contact Information for Investors
For investors seeking additional clarification or information regarding shares, powers, and operations at Artea Bank, they can reach out directly to the Head of Investment Management Division, Tomas Varenbergas. He is available via email or phone:
Email: tomas.varenbergas@artea.lt, Phone: +370 610 44447.
Frequently Asked Questions
What types of shares does Artea Bank issue?
Artea Bank issues ordinary registered shares that grant voting rights to shareholders.
What is the ISIN code for Artea Bank's shares?
The ISIN code for Artea Bank is LT0000102253.
How much is the nominal value of each share?
The nominal value of each share is 0.29 EUR.
What is the total authorized capital of Artea Bank?
The authorized capital of Artea Bank is 192,269,027.34 EUR.
How many votes are necessary for a quorum at the GMS?
A total of 650,498,897 votes are needed to establish a quorum at the General Meeting of Shareholders.
