"We are ready to buy back the shares not only in order to grant them to the Group's employees as part of the deferred variable remuneration, but also to reduce the capital of the Bank. The acquisition price per share is 0.66 EUR. Shares will be purchased on the Nasdaq Vilnius tender offer market on 22 - 23 November 2023 with a settlement day on 24 November 2023. The Management Board of the Bank, pursuant to Article 54 (2 1) of the Law on Companies of the Republic of Lithuania passed a resolution at the meeting held on 21 November 2023 to acquire 2 272 571 own shares (securities ISIN code LT0000102253) with the aim of granting purchased shares to the employees of the Group as a deferred part of share-based variable remuneration. Up to 1 250 000 shares, for reduction of the Bank capital. Up to 2 272 571 shares, for employees of Šiaulių bankas AB group (hereinafter referred to as the Group) as part of the deferred variable remuneration, On 16 November 2023 Šiaulių bankas AB (hereinafter referred to as the Bank) has received permission from the European Central Bank (ECB) to buy back up to 3 522 571 of its own shares:
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