OREANDA-NEWS. Another issue of ABLV Bank shares has been successfully completed. Under the new issue, there were 2 385 000 registered shares issued, added to 29 385 000 shares that constituted the bank’s voting share capital before the issue. Following the issue, the bank’s share capital is comprised of 31 770 000 ordinary voting shares and 3 265 000 employee shares without voting rights attached; the newly issued shares constitute 7.5% of the bank’s voting share capital.

The subscription to ABLV Bank registered shares began on 7 April 2015. The issue of shares was performed in the form of non-public offering, and only current shareholders of the bank participated in it. The applications were submitted by 82 shareholders, i.e., 64% of the total number of shareholders having voting rights, and the total paid amount of applications exceeded the offer by 3.7 million euro; therefore, some of the applications were satisfied partly. The sale price of one share was EUR 13.85.

After the issue was completed, the direct and indirect interest in the bank’s capital held by major shareholders – O?egs Fi?s, Ernests Bernis and Nika Berne – amounted to 86.25% in percentage terms.

“The issue results once again demonstrate that the bank’s shareholders – management, officers, and customers – are loyal to the company and interested in its development, and therefore they reinvest the profit gained from dividends. This issue will ensure the resources required for implementation of the bank’s further development plans," said Ernests Bernis, ABLV Bank Chief Executive Officer (CEO).