Bankas Snoras AB preference shares to be listed on the I-list of the OMX Vilnius Stock Exchange

18.12.2006 VLN

From December 28, 2006, a preference share issue of the Bankas Snoras AB will be admitted to the Vilnius Stock Exchange (VSE) I-list. Such a decision was made at the VSE Management Board meeting on December 18, 2006.

An issue of 2,000,000 preference shares at LTL 10 (EUR 2.89) face value of Bankas Snoras AB is admitted to the VSE I-list. The total nominal value of the issue amounts to LTL 20,000,000 (EUR 5,792,400). The securities give a right to a non-cumulative dividend, equal to 10 percent of the nominal value of the share, but shall not grant shareholders the right to vote (with the exception of the particular cases).

The shares of this type will be admitted to the VSE I-list for the first time. Additional information about the rights granted to shareholders by these securities is available on the Vilnius Stock Exchange’s website (section The market/Announcements).

On November 17, 2006, the authorized capital of Bankas Snoras AB amounted to LTL 157,267 thousand (EUR 45,548 thousand). Unaudited net profit of the bank during the nine months of 2006 reached LTL 37,319 thousand (EUR 10,808 thousand). In 2005 and 2004, the net profit of the bank totaled LTL 40,669 thousand (EUR 11,779 thousand) and LTL 13,345 thousand (EUR 3,865 thousand), accordingly.

On December 8, 2006, the following shareholders held over 5 % of all bank’s votes: Conversgroup (Luxemburg) Holding Company – 49.89%, Raimondas Baranauskas – 9.99%, Nuntel Holdings S.A. – 9.90%, Hoffman Development Inc.- 8.75%, Skepi Shipping Co.Limited – 8.31%, CTPS Limited – 5.21%.

For more information, please contact:
Gintare Blazyte, Marketing and Communications Specialist
Vilnius Stock Exchange +370 5 272 13 71