AB Šiaulių bankas new share buyback program approved

Core Viewpoint - AB Šiaulių bankas has initiated a share buyback program aimed at reducing its capital, with a commitment to ensure a return of at least 20% to shareholders [1][3]. Group 1: Share Buyback Program Details - The share buyback program will commence on May 5, 2025, and conclude on June 27, 2025 [2]. - The maximum number of shares to be purchased during the program is set at 2,652,251 shares, with a limit of up to 100,000 shares purchased on each trading day [2]. - The maximum purchase price per share will not exceed the higher of the last independent trading price or the highest independent bid price for a specific transaction on Nasdaq Vilnius [6]. Group 2: Regulatory Compliance - The share buyback program will adhere to the "safe harbor" requirements outlined in Regulation (EU) No. 596/2014 and related legal provisions [5]. - The Bank received permission from the European Central Bank to repurchase up to 13,745,114 of its own shares, having already acquired 11,092,863 shares [6]. Group 3: Communication and Transparency - The Bank will publish information regarding transactions conducted during the previous calendar week on the first business day of each week [4].