OREANDA-NEWS. November 16, 2009. As a result of the new share emission Baltikums Banka paid up share capital has been increased by LVL 8,264,000 to LVL 23,442,200. The emission has been fully subscribed to and paid up by the Bank’s shareholder – AS “Baltikums Bankas Grupa”, reported the press-centre of Baltikums Banka.

“Baltikums Bankas Grupa” shares are owned by four residents of Latvia:

SIA “Alexander Peshkov Family Holdings” – 25%;

SIA “Sergey Peshkov Holdings” – 25%;

SIA “Oleg Chepulsky Holdings” – 25%;

SIA “Andrey Kochetkov Holdings” – 25%.

At the shareholders’ meeting the decision was made to increase the capital stock to LVL 23,442,200 and to make relevant amendments to the Articles of Association. The capital stock has been fully paid and registered with the Commercial Register.

Amendments to the Articles of Association of AS “Akciju komercbanka “Baltikums””

To express Clause 3.1. „Fixed Capital and Types of Shares” of the Articles of Association as follows:

“3.1. The fixed capital of the Company amounts to 23’442’200 LVL (twenty-three million four hundred and forty-two thousand lats). The fixed capital of the Company consists of 23’442’200 (twenty-three million four hundred and forty-two thousand) shares. The value of one share is 1 LVL (one lat).”

To express Clause 2. „Lines of Commercial Activities” of the Articles of Association as follows:
„The Company shall carry on the following commercial activities:

1)      Other monetary intermediation (NACE 2 – 64.19);
2)      Financial leasing (NACE 2 – 64.91);
3)      Other lending services (NACE 2 – 64.92);
4)      Other financial service activities, except insurance and pension funding n.e.c. (NACE 2 – 64.99);
5)      Administration of financial markets (NACE 2 – 66.11);
6)      Security and commodity contracts brokerage (NACE 2 – 66.12);
7)      Other activities auxiliary to financial services, except insurance and pension funding (NACE 2 – 66.19);
8)      Fund management activities (NACE 2 – 66.3)”.