Invalda INVL, one of the largest asset management company in the Baltic region, will purchase 1.2 % of own shares for the total amount of EUR 548.7 thousand without brokerage fees.
Share purchase procedure was implemented through the market of official tender offers of NASDAQ Vilnius stock exchange. During the share purchase procedure 143.645 units of shares were tendered. Invalda INVL, AB could purchase 262 thousand units of shares. Every shareholder sold 100 % of offered shares for the price of EUR 3.82 per share. Settlement for the purchased shares will happen on 25 June 2015.
“We are initiating a purchase because we want to narrow the gap between share price and its true value. Such purchases could be initiated every year” – said Alvydas Banys, Chairman of the Board of the Invalda INVL.
Purchase price was EUR 3.82 per share at which market capitalization of the company is EUR 45.3 million.