Capitalia approves decision on increase of share capital

Shareholders of Capitalia have made decision to increase share capital amount to EUR 500 000.

Shareholders meeting of Capitalia has made decision to increase share capital of the company from EUR 226 490 to EUR 500 000. Share capital will be increased by issuing new ordinary shares as well as preference shares. In accordance to the approved terms of the emission, subscription term for the newly issued shares is set by October 23, 2016. Statutes of the company will be amended and submitted to the Enterprise register of the Republic of Latvia after the subscription period is over. Share capital is increased to strengthen balance sheet of the company and position it for the future growth.

Capitalia is the leading nonbank financing provider for small and medium enterprises in the Baltic States. To date Capitalia has financed more than 1000 enterprises investing over EUR 15m in start-up, expansion and restructuring capital.

This news release was distributed by GlobeNewswire, – a Nasdaq company.