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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Siauliu Bankas Ab | LSE:0KC0 | London | Ordinary Share | LT0000102253 | SIAULIU BANK ORD SHS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.504 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Commercial Banks, Nec | 184.16M | 75.38M | 0.1137 | 4.40 | 331.5M |
On 11 April 2024, Šiaulių Bankas submitted a request to the European Central Bank (ECB) to buy back shares in order to increase shareholder value and to exercise options for the bank's employees.
Šiaulių Bankas seeks the permission to buy back its own ordinary shares (ISIN code LT0000102253):
"In presenting the new bank's strategy, we have committed to pursuing high returns for our shareholders. We have previously announced our plans to actively utilise the share buyback tool. By buying back shares, the value for the bank's shareholders increases, as each share receives a larger portion of the profit.
Additionally, by the end of this month, we will pay out record dividends - EUR 0.0485 per share, distributing 43% of the profits from 2023", says Tomas Varenbergas, Head of Investment Management Division at Šiaulių Bankas.
Šiaulių Bankas had already bought back 1,250,000 of its own shares for EUR 0.9 million earlier this year and also applied to the ECB for permission to cancel them.
Šiaulių Bankas announced record profits in 2023, earning over EUR 75 million and achieving a return on equity (RoE) of 15.5%.
The bank will inform separately about the ECB approval for share buyback.
Additional information:
Tomas Varenbergas
Head of Investment Management Division
tomas.varenbergas@sb.lt
1 Year Siauliu Bankas Ab Chart |
1 Month Siauliu Bankas Ab Chart |
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