AB Artea bankas own shares acquisition programme completed

Core Viewpoint - The completion of the share buyback program by AB Artea Bank aims to reduce the Bank's capital and enhance shareholder value [1][2][3]. Group 1: Buyback Program Details - The buyback program was conducted from May 5, 2025, to June 10, 2025, during which the Bank acquired 2,540,000 treasury shares, representing 96% of the maximum limit set for the program [1]. - The total expenditure for the buyback was EUR 2,225,741.28, with an average purchase price of EUR 0.876 per share [1]. - The program was approved by the Management Board on April 30, 2025, following a decision made at the ordinary general meeting of shareholders on March 31, 2025 [2]. Group 2: Future Plans and Authorizations - The Bank has expressed intentions to continue its share buyback initiatives as part of its strategy to create greater value for shareholders [3]. - A request was submitted to the European Central Bank (ECB) on April 9, 2025, seeking permission to acquire an additional 4.5 million shares, with plans to allocate up to 5% of the 2024 profit for this purpose [4].