On the basis of the permission of the Board of the Bank of Lithuania, on 1 March this year the Board of AB Bank SNORAS made a decision to change the conditions of the Perpetual Tier II Subordinated Notes and the subordinated loan agreements and not to object that the new emission shares would be paid for by reckoning Bank SNORAS and its main shareholders’ counterclaims, arising from the subscription agreements of the aforementioned notes and subordinated loans agreements.
Vladimir Streckij
Director of Finance Brokerage Department
Tel. +370 5 2327212