Understanding Voting Rights and Shareholder Capital Explained
When companies issue shares, they provide a way for people to invest in their growth and activities. These shares come with specific rights, one of which is voting rights. This means that as a shareholder, an individual can influence company decisions based on the number of shares they own. This is an essential aspect for investors who want a say in how a company is managed.
Details on Share Types and Capital
For Artea Bankas AB, the ordinary registered shares are the type of shares currently issued. Each share has a nominal value of EUR 0.29, helping to determine the proportionate ownership each shareholder has. With a total of 652,398,897 shares existing, this quantity reflects the bank's committed capital structure.
ISIN and LEI Codes
To properly identify shares and financial instruments, each one is assigned an International Securities Identification Number (ISIN). For the shares of Artea Bankas AB, the ISIN is LT0000102253. Moreover, the bank has a Legal Entity Identifier (LEI) code, which is a unique code of 549300TK038P6EV4YU51 providing additional transparency in financial transactions.
Understanding Authorized Capital
Authorized capital is a crucial metric for investors, as it indicates the maximum amount of shares that can be issued by a company. For Artea Bankas AB, the authorized capital stands at EUR 189,195,680.13. This figure reflects not just the current issuance but also the company's capacity for future growth through raising additional capital if needed.
Voting Rights Explained
Shareholders are granted voting rights proportional to the shares they own. As Artea Bankas AB has 652,398,897 total votes granted by all its issued shares, transparency and fair representation are ensured for decision-making in general meetings. Out of these, for quorum calculations during meetings, the number of votes counted is 648,196,232. This means slightly fewer votes are required in specific situations to meet the quorum, allowing for efficient decision-making.
Shareholder Engagement and Responsibilities
Shareholders play an integral role in a company's governance. Their ability to vote at general meetings allows them to voice their opinions and impact significant corporate directions, including mergers, acquisitions, and changes in management. It's vital that shareholders understand their rights, as the number of votes is a reflection of their influence in shaping the company's future.
Effective communication from companies like Artea Bankas AB ensures that shareholders are well-informed about their voting rights and company performance. This transparency fosters trust and engagement, allowing shareholders to make educated decisions.
Contact Information for Further Inquiries
For additional information about share ownership and rights, shareholders can reach out to the Chief Financial Officer, Tomas Varenbergas. He is available via email at tomas.varenbergas@artea.lt or by phone at +370 610 44447. Engaging with company leadership can provide further clarity on any queries or concerns regarding shares and voting rights.
Frequently Asked Questions
What is the nominal value of Artea Bankas AB shares?
The nominal value of each share for Artea Bankas AB is EUR 0.29.
How many total shares does Artea Bankas AB have?
Artea Bankas AB has a total of 652,398,897 shares issued.
What is the authorized capital for Artea Bankas AB?
The authorized capital of Artea Bankas AB is EUR 189,195,680.13.
How are voting rights calculated for shareholders?
Voting rights for shareholders are based on the number of shares each shareholder owns, with a total of 652,398,897 votes granted for all issued shares.
Who can I contact for more information on shares?
Tomas Varenbergas, the Chief Financial Officer, can be contacted for further inquiries regarding shares and voting rights.
