Invalda INVL will pay dividends to its shareholders and will continue its employee stock option programme. Those decisions, including authorization to buy back shares, were approved at a company’s general shareholders meeting on 30 April.
Following a net profit of EUR 44.4 million last year, Invalda INVL will pay a record dividend of EUR 1.25 per share, allocating a total of EUR 15.02 million for the dividends.
The shareholders approved a proposal of the Management Board fto use the company’s existing reserve of EUR 9.1 million toacquire its own shares. The purpose of the share buy-back is to reduce Invalda INVL’s authorized capital by annulling acquired own shares and/or to meet obligations arising from stock option programmes.
“As part of our commitment to consistency, we are continuing the stock option programme for group’s employees which was launched in 2016. Our aim in offering employees an opportunity to acquire stock options is not just to motivate them, but also to engage them in building the Invalda INVL group’s long-term success. We believe that a shared ambition to create value strengthens the team and encourages employees to grow with the business,” says Alvydas Banys, the Chairman of the Board of Invalda INVL.
Stock options granted to employees of Invalda INVL and its group companies in 2022 will vest this year. It is stipulated that employees’ right to acquire the shares in question shall be satisfied by the transfer to them of own shares acquired by the company.
As in the previous year, employees of Invalda INVL and its group companies will be able to enter into option agreements on the acquisition of shares of Invalda INVL in 2028. The company’s shareholders’ meeting approved a plan whereby in 2028, as per the terms and conditions set out in the option agreements, employees will be able to acquire up to 100,000 shares of Invalda INVL. The plan also establishes how many shares employees will receive if a decision to pay dividends is made before the options are exercised and at what price they can acquire shares if new shares are issued.
About Invalda INVL
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. Growing and developing with an open approach, it creates well-being for people through its work. The group’s companies manage or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. The group’s scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds.
The shares of Invalda INVL have been traded on the Nasdaq Vilnius stock exchange since 1995. Further information: https://www.invaldainvl.com/en/.