The shareholders of one of the largest Lithuanian investment companies Invalda LT, AB will announce the mandatory tender offer to buy up remaining shares in the Company. Furthermore, the shareholders of Invalda LT, AB will announce mandatory tender offer to buy up shares in Vilniaus Baldai, AB. The total amount of 20.863 million euro for shares in Invalda LT, AB and Vilniaus Baldai, AB can be paid to the minor shareholders.<\/p>\n
\u201eDuring this process shareholders of Invalda LT, AB and Vilniaus Baldai, AB will be able to decide whether to sell their shares, or continue holding the shares in the companies\u201c, – the president of Invalda LT, AB Darius \u0160ulnis, said.<\/p>\n
Alvydas Banys, LJB Investments, UAB, Irena Ona Miseikiene, Darius Sulnis, Lucrum Investicija, UAB and others \u2013 the shareholders holding 90.15 percent of shares in Invalda LT, AB, on May 31 signed the agreement about the long-term management of the Company policy and acquired the obligation to announce the tender offer to buy up remaining shares.<\/p>\n
The tender offer will be launched in the fourth working day after the registration of the official circular offer by the Bank of Lithuania. Estimated share purchase value amounts to 2.355 euro per share, period of implementation of shares \u2013 14 days. The total amount of 5.763 million euro for 9.85 percent of shares in Invalda LT, AB may be paid.<\/p>\n
Invalda LT, AB holds 39.35 percent of shares in Vilniaus Baldai, AB. Shareholders of Invalda LT, AB indirectly acquired control in Vilniaus Baldai, AB and provided the notice about the intention to announce a tender offer to buy up shares in Vilniaus Baldai, AB. The tender offer will be submitted in cooperation with Invalda Privatus Kapitalas, AB as well as other shareholders of Vilniaus Baldai, AB therefore the offer of remaining 26.13 percent share purchase in Vilniaus Baldai, AB was proposed as well. The tender offer will be launched on the fourth working day after the registration of the official circular offer of the Bank of Lithuania. Estimated share purchase value amounts to 14.869 Euro per share, period of implementation of shares \u2013 14 days. The total amount of 15.1 million euro for 26.13 percent of shares in Invalda LT, AB can be paid.<\/p>\n
It is assumed that Invalda LT, AB maximum can acquire 12.72 percent of shares in Vilniaus Baldai, AB for the value of 7.352 million euro. The remaining shares will be acquired by Invalda Privatus Kapitalas, AB.<\/p>\n
<\/p>\n
The person authorized to provide additional information:
Darius Sulnis
President
Tel. +370 5279 0601
E-mail: darius@invaldainvl.com<\/p>\n","protected":false},"excerpt":{"rendered":"
The shareholders of one of the largest Lithuanian investment companies Invalda LT, AB will announce the mandatory tender offer to buy up remaining shares in the Company. Furthermore, the shareholders..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[6],"class_list":["post-13187","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-imported"],"acf":[],"yoast_head":"\n