AB Ukio bankas, with register code 112020136, address: 25 Maironio str., LT-44250 Kaunas.
By the decision of the Board of the Bank the offering of the new share issue of 50 million shares is to be launched on 18 July 2011. The offering of the new share issue is launched on the basis of the decision of AB Ukio bankas ordinary general shareholders' meeting held on 25 March 2011 for the purpose of increasing the authorized capital by making additional contributions.
Price set by the Board of the Bank is 1 (one) litas for one share.
Shareholders who held the shares of the Bank by the right of ownership on 8 April 2011 (rights accounting day) are proposed to acquire shares of the Bank by exercising the right of pre-emption from 18 July 2011 to 1 August 2011.
The Share Issue Prospectus and documents incorporated by reference herein are available for review in AB Ukio bankas Secretariat at Maironio str. 25, LT-44250, Kaunas, at 8.00 – 12.00, 13.00 – 16.00 on workdays, on Bank’s website www.ub.lt, on Central Storage Facility website www.crib.ltand on NASDAQ OMX Vilnius Stock Exchange website www.nasdaqomxbaltic.com
The offering of the shares will take place in the branches and client service units of the Bank on their working hours. The addresses of places where the offering is to take place are listed in the Share Issue Prospectus. Information is available by calling the following telephone numbers: + 370 37 301 332, 395 543, 395 544.
The stages of offering of the shares shall be as follows:
Stage I. Offering of the shares to shareholders by the pre-emption right.
- the beginning of the stage: 18 July 2011;
- the period for the subscription of the shares: 15 calendar days (until 1 August 2011);
- the shares shall be offered only to persons who have held the shares of the Bank by the right of ownership on 8 April 2011 (the rights accounting day);
- the number of shares that a shareholder is allowed to acquire is calculated using the following formula: Q=k*N (where k - ratio 0.1690194170; N - number of shares held by the shareholder on 8 April 2011);
- the period for the payment for shares: within two working days from subscribing share subscription agreement (excluding the date of subscribing share subscription agreement).
On 5 August 2011 the Bank will publish an information notice on the amount of shares that were not taken upon issue in the Stage I on NASDAQ OMX Vilnius Stock Exchange website www.nasdaqomxbaltic.com and on the Bank’s website www.ub.lt
Stage II. Offering of the shares to all willing investors by applications:
- the beginning of the stage: 8 August 2011;
- the duration of the stage: 15 calendar days (until 22 August 2011);
- The shares shall be offered by applications to all willing investors applying for the purchase of Bank’s shares remaining after Stage I in proportion to the amount of shares specified in their applications. The amount of shares specified in application cannot be bigger than total amount of shares remaining for Stage II. Investors who subscribed the agreements and did not pay for the shares on time in Stage I cannot acquire shares in Stage II.
- Investors submitting applications for the purchase of Bank’s shares must ensure their intentions by full payment for the shares. The period for the payment for shares: within two working days from subscribing share subscription agreement (excluding the date of subscribing share subscription agreement). An application for shares is valid only after full payment for applied shares to nearest cent. Application is invalid and do not participate in the distribution of shares if it is unpaid or not fully paid.
- If the total number of demanded shares specified in all valid applications exceeds the total number of shares that were not taken up on issue in the Stage I, the remaining shares will be distributed to investors in proportion to the number of shares specified in their applications. Calculation of proportions of shares is described in Part III of the Share Issue Prospectus;
- If the total number of demanded shares specified in all valid applications does not exceed the total number of shares that were not taken up on issue in Stage I, each applicant will receive the demanded number of shares.
- The stage shall include the following actions:
1) from 8 August 2011 until 11 August 2011: receiving applications;
2) until 16 August 2011: receiving the latest payments for the shares by submitted applications;
3) 17 August 2011: shares distribution by submitted applications;
4) from 18 August 2011 until 22 August 2011: subscription of shares subscription agreements.
The remaining shares after Stage II will be distributed in Stage III.
Stage III. Offering of the shares to members of the Board of the Bank and Supervisory Council of the Bank:
- The beginning of the stage: 23 August 2011;
- The duration of the stage: 3 calendar days (until 25 August 2011);
- The members of the Board of the Bank and Supervisory Council of the Bank have the right to acquire the remaining unsubscribed shares after Stage II in equal proportions;
- If the residue of the shares remaining for Stage III does not divide to equal parts to nearest share, the bigger amount of shares will be allowed to acquire for one member of the Board of the Bank or Supervisory Council of the Bank by mutual agreement.
- The stage shall include the following actions:
from 23 August 2011 until 25 August 2011: subscription of share subscription agreements and payment for shares.
Share subscription agreements and applications will be subscribed in the branches and client service units of the Bank personally by the investor or his/her proxy (a mandate is necessary), i.e. agreements and applications will not be accepted by fax, e-mail or any other form of delivery.
In all stages of the offering, the shares are considered paid for as of the moment when the funds are credited to the accumulation account.
Chairman - Chief Executive Officer Gintaras Ugianskis, 15 07 2011.
Marius Arlauskas, Head of Financial Institutions and Fund Raising Department, +370 37 301 332