The Board of the Financial and Capital Market Commission (FCMC) has authorized the joint stock company “Citadele banka” to make an initial public offering of up to 100 000 000 Class B shares with voting rights. A face value is set at EUR 0.10 per share. The selling price of a Class B share of new issue is set within a range from EUR 1.15 to EUR 2, including its face value of EUR 0.10 and share premium within a range from EUR 1.05 EUR and EUR 1.90. The final sale price will be announced on 4 November 2015 (please see http://www.cblgroup.com/ipo/).
The Board also permitted CITIBANK, N.A., the issuer of “Citadele Bank’s” global depository receipts (GDR), to make an initial public offering of up to 16 666 667 of the JSC ”Citadele banka” depository receipts.
The decision on the issue of shares and GDR was adopted during the extraordinary meeting of AS “Citadele banka’s” shareholders on 13.10.2015. In accordance with the decision of shareholders’ meeting the shares with voting rights were converted in the Class A and Class B shares. The issue amount and price ranges were specified during the shareholders’ meeting on 22 October 2015.
The FCMC also permitted to register the bank’s prospectus for listing 154 990 240 of Class B shares and up to 100 000 000 of new issue shares on the JSC “NASDAQ Riga” and for admitting the global depository receipts on the Main Market of London Stock Exchange. The GDR has been priced within a range from EUR 6.90 to EUR 12 EUR per security, equivalent to the US dollars, but the final price will be announced on the Bank’s website, in the same way as the share price, on 4 November 2015.
The face value of Class-A share is EUR 20 per share EUR with 200 votes, entitled to dividends and liquidation quota. Class A shares are held by the current shareholders of “Citadele banka”.
Whereas the face value of Class B share is EUR 0.10 per share with 1 vote, entitled rights to dividends and liquidation quota equal to the Class A shares. Such shares will be offered in a public offer in Latvia, Lithuania and Estonia.
Public Relations Specialist
Financial and Capital Market Commission
Phone +371 67774860, +371 27435292