Artea Bank Reduces Authorized Capital and Shareholding to Avoid ECB Threshold

Artea Bank has taken measures to stay compliant with the 20% ownership threshold set by the European Central Bank (ECB) by selling part of its stake to its founder, Algirdas Butkus. After acquiring 2 million shares from Invalda INVL, the bank plans to cancel them, reducing its authorized capital. This move could lead to the largest shareholder's stake exceeding the limit, and it is essential for the shareholding to remain among long-term investors who inspire the bank to pursue results with the new brand.

Key Takeaways:

• Artea Bank sold 2 million shares (0.3% of authorized capital) to Algirdas Butkus to remain compliant with ECB's 20% ownership threshold.
• The bank plans to cancel 10,597,749 shares, reducing its authorized capital to EUR 189,195,680.
• Invalda INVL's shareholding in Artea Bank is now 19.9% after the settlement.
• Other major shareholders include EBRD (7.2%), Tesonet Global (5.3%), A. Butkus and related parties (5.4%), and G. Kateiva and related parties (5.0%).
• The bank will settle the transaction and update its shareholders' register.
• Invalda INVL's stake in Artea Bank has been reduced to 19.9%.

Statistics:

• Artea Bank's authorized capital will be reduced to EUR 189,195,680 after cancelling 10,597,749 shares.
• The bank's largest shareholder, Invalda INVL, now holds 19.9% of Artea Bank's shares.
• The shareholding of other major shareholders is as follows:

+ EBRD: 7.2%

+ Tesonet Global: 5.3%

+ A. Butkus and related parties: 5.4%

+ G. Kateiva and related parties: 5.0%

Sources:

• GlobeNewswire (MIL-OSI) - "Artea Bank Complies with ECB Regulations, Initiates Actions to Reduce Shareholding After Buying Back Its Own Shares"
• Shareholders' meeting decision of Artea Bank (31 March 2025)
• Artea Bank's official communication (19 May 2025)