Invalda INVL signs employee stock option agreements

Invalda INVL, the leading investment management and life insurance group in the Baltics, signed stock option agreements with employees of the company and its group regarding the acquisition of 47,394 shares of the company in the future.

Under the agreements, employees of Invalda INVL and companies in which Invalda INVL owns more than 50% of shares will have the right in 2026 to acquire shares of Invalda INVL with a nominal value of EUR 0.29 at the fixed price of 1 euro per share. The options were granted to employees as a variable part of remuneration for last year.

The company also entered into agreements for options that are part of a long-term incentive programme. They would entitle employees to acquire shares of Invalda INVL in 2026 if the company’s net asset value on 31 December 2025 is above EUR 15.0552 per share. The number of shares employees would be allowed to acquire, at a price of one (1) euro per share, would be calculated in the manner established by the shareholders’ meeting.

“It is a long-standing practice of ours to give employees the opportunity to aquire stock options on favourable terms and become shareholders of the company. It’s one of the most motivating financial incentives for employees, since it aligns the goals of the company and employees in pursuit of the best possible results. That is particularly important in our business, where growth in value is inseparable from employees’ professionalism and focus on results,” says Alvydas Banys, the Chairman of the Board of Invalda INVL.

The decision to offer employees option agreements was taken at the general meeting of the shareholders of Invalda INVL held on 30 April this year. The price of the shares employees acquire under the option agreements was also approved at the meeting.

Since 2016 when the company began to offer stock options to employees and including the agreements signed this year that specify the number of shares, employees of the group have entered into stock option agreements for a total of 734,318 shares of Invalda INVL and to date have acquired 260,926 of those shares.

About Invalda INVL

Invalda INVL is a leading Baltic investment management and life insurance group. Growing and developing with an open approach, it creates well-being for people through its work. The group’s companies operate across Lithuania, Latvia and Estonia and serve over 300,000 private and institutional clients from the Baltic region and abroad. Those clients have entrusted the Invalda INVL group with the management of more than EUR 2 billion of assets in a variety of asset classes including pension funds, mutual funds and life insurance commitments as well as individual portfolios, private equity and other alternative investment activities. 

The shares of Invalda INVL have been traded on the Nasdaq Vilnius stock exchange since 1995. Invalda INVL’s equity at the end of March 2023 was EUR 131.7 million.