Hearts’ Romanov, Fedotovas Resign From UBIG Board, BNS Reports

The entire board of directors of Ukio Banko Investicine Grupe, a Lithuanian company that owns Scotland’s Heart of Midlothian soccer club, resigned last week, Baltic News Service reported.

Vladimir Romanov, who was majority owner of lender Ukio Bankas (UKB1L) AB, which Lithuania’s central bank declared insolvent last month, resigned as chairman of the board of UBIG on Feb. 27, the newswire said, citing the company registry in Vilnius.

Hearts’ Director Sergejus Fedotovas also resigned from the board of UBIG, as did Rita Matuziene, BNS reported.

A new board will be elected at the next meeting of shareholders of UBIG, the date for which hasn’t been fixed, according to Matuziene, who said she remains in her post as chief executive officer at UBIG, according to BNS.

To contact the reporter on this story: Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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