Siauliu Bankas
Final adjustment amount payable to Ūkio Bankas BAB is negative
DGAP-News: Siauliu Bankas 2015-03-02 / 08:15 --------------------------------------------------------------------- Šiauliai, Lithuania, 2015-03-02 08:15 CET (GLOBE NEWSWIRE) -- Šiaulių Bankas AB (hereinafter - Šiaulių Bankas) estimated the final adjustment amount according to the Agreement on Transfer of Part of Assets and Liabilities of Ūkio Bankas signed 23 February 2013 by Šiaulių Bankas, temporary administrator of Ūkio Bankas AB (hereinafter - Ūkio Bankas) and state enterprise Indėlių ir Investicijų Draudimas (hereinafter - the Agreement). The final adjustment amount was calculated according to the provisions of the Agreement as an increase (decrease) in the value of certain taken over assets until 31 December 2014. As the resulting final adjustment amount was found to be negative, according to the Agreement and estimation of Šiaulių Bankas, Šiaulių Bankas has no obligation to provide Ūkio Bankas with the compensation (final adjustment amount). Šiaulių Bankas informed the parties of the Agreement on this matter on 5 February 2015. Chief Executive Officer Vytautas Sinius Chief Executive Officer Vytautas Sinius shall provide the additional information and is available on tel. +370 5 2362 209. News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-03-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Siauliu Bankas Lithuania ISIN: LT0000102253 End of News DGAP News-Service --------------------------------------------------------------------- 328461 2015-03-02
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