2006-04-13
1. The Board of the Bank of Lithuania authorised the representative of the Bank of Lithuania to vote at the General Shareholders Meeting of the Central Securities Depository of Lithuania for the distribution of the profit of the Depository for 2005 (LTL 2,422,558) as follows: 96.5 per cent for dividends (LTL 2,337,838); 3.5 per cent as annual bonus payments to members of the board. The dividends have to be paid in accordance with the procedures laid down in the Republic of Lithuania Company Law by reducing correspondingly the investment portfolio of the Depository.
The Bank of Lithuania holds 60 per cent of the shares in the Depository and the OMX Group holds 40 per cent.
2. The Board of the Bank of Lithuania authorised AB Bank Snoras to register amendments to its articles of association adopted at the general shareholders meeting of 15 March 2006. The amendments entail changes in the competence of the board of the Bank. They also envisage establishment of a new type of territorial subdivisions within the network of the Bank. Decisions on the establishment and closure of such subdivisions and on the approval and amendments to their regulations will be taken by the board of the Bank.
3. The Board gave its permission to the bank NORD/LB Lietuva to register changes in its articles of association related to the increase of its authorised capital to LTL 283,396,340 as well as other amendments related to the change of the Bank's name and the change of the nominal value of the shares approved at the general shareholders meeting of 23 March 2006.
In addition, the Board of the Bank of Lithuania decided to change the license issued to the bank NORD/LB Lietuva by Resolution of the Board of the Bank of Lithuania No 30 of 13 September 1993 into a banking license indicating the new name of the Bank as AB DnB NORD bankas. It was laid down that the decision will become effective as of the date of registering amended articles of association in the register of legal entities.