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maib reported about the official registration of its shares splitting in ratio of 100:1 without changing the authorized capital of the bank.

maib reported about the official registration of its shares splitting in ratio of 100:1 without changing the authorized capital of the bank.

As it is noted in the message of maib, corresponding changes were registered by the National Financial Market Commission (CNPF) in the Register of Securities Issuers. Thus, 1 037 634 common registered shares of the first class with nominal value of 200 lei were replaced by 103 763 400 common registered shares of the first class with nominal value of 2 lei. maib stressed in connection with this event that the value and size of the shares owned by each shareholder in the capital of the bank has not changed. For example, a shareholder who owned only 1 share before the split, will own 100 shares after the split. maib also said that the trading price of maib shares will be adjusted in proportion to the decrease in its nominal value. Based on the fact that at the end of 2022, beginning of 2023, the price of traded shares on the regulated market was about 4200 lei per share, after the split, the trading price will be adjusted to the new number of shares and the new par value and will be at about 42 lei per share. The changes to the Register of Holders of Securities issued by the bank, regarding the number of securities held by each shareholder will be made by the Central Depository. As InfoMarket agency earlier reported, the decision on splitting maib shares into 100:1 proportion without changing the bank's authorized capital was taken by its shareholders earlier at the extraordinary general meeting, where they also approved listing of the shares on Bucharest Stock Exchange. maib is the largest bank in Moldova, accounting for about 33.2% of deposits and 37.2% of loans issued by the banking sector in 2022. The bank is systemically important, serving nearly one-third of the country's population. Since 2018, the bank's largest shareholder is a consortium that includes the European Bank for Reconstruction and Development (EBRD), Invalda INVL (a leading asset management group in the Baltics) and Horizon Capital (a private investment fund focused on emerging markets in Europe). maib's net profit in 2022 is 1 billion 131 million lei, up 56.8%, compared with 2021. //22.02.2023 – InfoMarket

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