The Board of Invalda LT, AB, one of the major Lithuanian investment companies, published its opinion on the mandatory tender offer.
\u201eThe Board members belong to the group of the offerors, therefore, they are not in a position to provide any recommendation on this issue. Each shareholder has to take a personal decision whether to remain the Company\u2018s shareholder or to sell the shares – on the stock exchange or by accepting the tender offer\u201c, – said Darius Sulnis, the President of Invalda LT, AB.
According to him, the primary objective of the company remains unchanged \u2013 to increase the investor equity value.
The shareholders of Invalda LT, AB – Alvydas Banys; LJB Investments, UAB; Irena Ona Miseikien\u0117; Darius Sulnis; \u201eLucrum investicija\u201c, UAB and others, holding together 90,15 percent of shares in Invalda LT, AB, offer EUR 2,355 (LTL 8,13) per share. The tender offer implementation will last from July 2, 2013 till July 15, 2013. The shares during tender offer will be acquired by Alvydas Banys and Irena Ona Miseikiene in equal parts. The total amount of EUR 5,763 million (LTL 19,898 million) may be paid for 9,85 percent of shares in Invalda LT, AB.<\/p>\n