AS HANSAPANK

ANNOUNCEMENT

30.12.98

 

 

ABOUT THE INCREASE OF HANSABANK-LATVIA SHARE CAPITAL

 

The extraordinary shareholders’ meeting of Hansabank-Latvia 

resolved to increase the share capital of the bank by LVL 4 

million through issuing 4 million new shares at par value (1 

LVL each). All other shareholders have waived their pre-emptive 

rights to subscribe for new shares in favor of Hansapank. 

Hansapank subscribes for the new shares today on December 30, 

1998. Through this issue Hansabank-Latvia’s share capital will 

increase by 38% from LVL 10.5 million to LVL 14.5 million and 

Hansapank’s holding in Hansabank-Latvia will increase from 

89.7% to 92.5%.

 

 

HANSABANK Ltd.

 

 

Mart Toevere

Analyst

Tel. +372 6131 569