Information on Shares
The authorized share capital of TEO LT, AB is 814,912,760 litas. It consists of 814,912,760 ordinary registered shares with a nominal value of one litas each.
38,095,242 shares are treasury stocks that have no rights to exercise any property and non-property rights provided by the Lithuanian Law on Companies. Therefore number of TEO LT, AB shares that provide voting rights during the General Meeting of Shareholders is 776,817,518.
The Annual General Meeting of TEO LT, AB shareholders held on 26 April 2010 decided to annul 38,095,242 ordinary shares held by the Company by the ownership right, of 1 litas par value each, ISIN code LT0000123911 and to reduce the Company’s authorised capital from 814,912,760 litas to 776,817,518 litas.
The purpose of reduction of the Company’s authorised capital – cancellation of the Company’s treasury shares.
The Company’s authorised capital shall be reduced by way of annulment of the Company’s treasury shares.
Shares of TEO LT, AB are listed on the Official List of the NASDAQ OMX Vilnius (ticker: TEO1L).
Since year 2000 TEO LT, AB run a Global Depository Receipt (GDR) programme. According to the programme, one GDR represented 10 ordinary registered shares of TEO LT, AB. Shares were held by the depository bank, Deutsche Bank Trust Company Americas.
On 25 March 2010 the Board decided to terminate TEO GDR program and discontinue trading in TEO GDR's on London Stock Exchange. TEO GDR program was terminated on 1 July 2010.
The Company’s GDRs till 30 June 2010 were traded on the London Stock Exchange (LSE) (ticker: TEOL).
Structure of TEO LT, AB capital (%)
Ordinary registered shares | Global Depository Receipts | |
|---|---|---|
| 2010-06-30 | 99.87 | 0.13 |
| 2010-03-31 | 96.29 | 3.71 |
| 2009-12-31 | 96.26 | 3.74 |
2008-12-31 | 96.12 | 3.88 |
2007-12-31 | 93.20 | 6.80 |