Searching for experts would be the job of the Finance Ministry, the current owner of the nationalized bank's shares, it writes.
"Given the assumptions that the bank's liabilities exceed its assets, small shareholders may expect their shares to be valued at zero. This means that they will lose 100 percent of their investment," Tomas Pilipavičius, a member of the board of the Lithuanian Investors' Association, said after the bank's nationalization.
Before the nationalization, Vladimir Antonov owned 68.1 percent of shares in Snoras and Raimondas Baranauskas held a 25.31 percent stake. Another 31.25 million shares, or around 6.6 percent of the bank's capital, were in the free float. The total market value of the shares in the free float was 24.9 million litas (EUR 7.2 mln), or 0.231 euros per share, before the suspension of trading on the NASDAQ OMX Vilnius stock exchange. The shares were held by around 3,700 investors.
