Latvijas Krājbanka 29.01.2007 Second Stage of the Subscription of the Newly Issued Shares of JSC “Latvijas Krājbanka” is closed On Thursday, 18 January, the second stage of the subscription of the newly issued shares of AS “Latvijas Krajbanka” was closed. Shareholders of JSC “Latvijas Krājbanka”, who had used their pre-emptive rights during the first stage of subscription, had rights to participate in it. In total JSC “Latvijas Krājbanka” has issued 1.65 million new shares – 800 thousand ordinary bearer shares with voting rights and 850 thousand preference bearer shares without voting rights. Subscription is carried out in three stages – during the first two stages only shareholders of JSC “Latvijas Krājbanka” have rights to subscribe to the shares, but during the third stage – other investors. Results of the second stage of the subscription of the JSC “Latvijas Krājbanka” newly issued shares: Number of offered shares: 113’204 Number of shares subscribed to in the second stage: 444’576 Number of shares placed in the second stage: 113’204 Number of not placed shares: 0 Taking into account that all 800,000 of the offered ordinary shares were placed during the first and second stages of the subscription, on 23 January 2007 the Board of JSC “Latvijas Krājbanka” approved the results of the public offer of the ordinary shares and made a decision to close the public offer of shares before the appointed time. Delivery of the granted shares and transfer of the overpaid amounts will be carried out in accordance with the procedure prescribed in paragraph 6.10.6 of the Issue Prospectus. Algorithm for calculating the number of shares granted in the second stage: 0.25463 Shareholders may receive information on the amount of ordinary shares acquired during the first and second stage at JSC “Latvijas Krājbanka”, at client service places (during the business hours of the specified structural units) specified in paragraph 6.10.5 of the Issue Prospectus. Preference shares: Number of offered shares: 847’236 Number of shares placed in the second stage: 20 Number of not placed shares: 847’216 The third stage of the subscription will take place on 26 January 2007. 847 216 preference shares are offered for the subscription and each investor has rights to subscribe to an unlimited number of the offered preference shares. Share distribution will be carried out in accordance with the procedure set forth in paragraph 8.9.5.3 of the JSC “Latvijas Krājbanka” Issue Prospectus. JSC “Latvijas Krājbanka” will announce the results of the third stage on its web page www.lkb.lv not later than on 2 February 2007. Investors may receive information on the amount of the preference shares acquired during the third stage at Krajbanka, at client service places (during the business hours of the specified structural units) specified in paragraph 6.10.5 of the Issue Prospectus, starting from 2 February 2007.
Second Stage of the Subscription of the Newly Issued Shares of JSC “Latvijas Krājbanka” is closed
| Source: Latvijas Krajbanka