VLB: Regarding the transfer of shares of SEB Enskilda UAB
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2011-03-03
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VLB: Regarding the transfer of shares of SEB Enskilda UAB
SEB Bankas AB Notification on material event 03.03.2011
Regarding the transfer of shares of SEB Enskilda UAB
Vilnius, Lithuania, 2011-03-03 15:16 CET (GLOBE NEWSWIRE) -- SEB Bank, registry
code 112021238, Gedimino 12, LT-01103 Vilnius, Lithuania.
On 3 March 2011 SEB Bank has transferred 100 % of the shares of its subsidiary
company SEB Enskilda UAB, company code 221949450, address Gedimino av. 12,
Vilnius, to the parent company of SEB Bank Skandinaviska Enskilda Banken AB
(publ).
Taking in consideration that SEB Enskila UAB has a licence for securities
brokerage and according article 10 of the Law on Markets of Financial
Instruments of Republic of Lithuania prior to the transfer of shares the
approval of Securities Commission of Republic of Lithuania has been received.
The shares of SEB Enskilda (Latvia) and SEB Enskilda (Estonia) were transferred
simultaneously. The reason of the share transfer is the intention to integrate
all investment banking services in the Merchant Banking division of
Skandinaviska Enskilda Banken AB (publ). It is expected that integration will
improve uniform handling and coordination of the activities in the
international SEB group. This change will not affect the clients of SEB
Enskilda UAB.
This notification is non-confidential.
Raimondas Kvedaras, President of SEB Bank, AB.
3 March 2011, Vilnius
Arvydas Žilinskas, Head of Media Relations of SEB Bank, tel. +370 5
268 1198, is authorized to provide additional information regarding the
material event.