Invalda INVL, the leading Baltic asset management group, has sold 2 million shares, representing 0,3% of the authorized capital, of Artea Bank at EUR 0.88 per share to remain within the 20% shareholding limit set by the European Central bank.
“Artea Bank decided to annul its previously acquired own shares and to reduce its authorized capital. As a result, Invalda INVL Group had to sell some of its shares to remain within the permitted limit of the bank’s authorized capital, As the transaction was made over-the-counter (OTC), it did not affect the market price of the bank’s shares,” says Darius Šulnis, the CEO of Invalda INVL.
According to the shareholders’ meeting decision of Artea Bank (previously Šiaulių Bankas) on 31 March 2025, the bank will annul 10,597,749 of its shares, reducing its authorized capital to EUR 189,195,680. Without this sale, Invalda INVL Group’s stake would have increased to 20.25% of the shares after the reduction of the bank’s authorized capital, exceeding the regulatory threshold.
Invalda INVL group currently holds 19.93% of the shares in Artea Bank.
About Invalda INVL Group
Invalda INVL is the leading Baltic asset management group with a track record spanning over 30 years. 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/