The Board of one of the largest Lithuanian investment companies\u2019 Invalda AB approved the procedure, under which the shares of minor shareholders will be redeemed after approval of the split \u2013 off terms of the Company. <\/p>\n
The share redemption price will be equal to the weighted average price of transactions with Company\u2019s shares on NASDAQ OMX Vilnius stock exchange during the period of six months immediately preceding the General Meeting of Shareholders which has on its agenda the issue of adoption of the decision on the split \u2013 off and approval of the split \u2013 off terms. The shares will be redeemed within 45 days period after this shareholders meeting.<\/p>\n
\u201eThe calculation of the redemption price will reflect both auto – match transactions concluded in the central market, direct and tender offer transactions performed on the market.\u201c- said Dalius Kaziunas, the President of the Company. <\/p>\n
The redemption price will be set in litas. The calculated weighted average share price will be rounded up to three decimal figures. The exact share redemption price will be set and published on the day of the General Meeting of Shareholders of INVALDA AB, i.e. April 9, 2013, if the Meeting approves the split \u2013 off and split \u2013 off terms. <\/p>\n
Shareholders of INVALDA AB holding the shares the nominal value whereof is less than 10 percent of the authorized capital of the Company, shall have the right to provide share sale orders, except the shareholders whose rights to sell shares to the Company during the split – off are limited according to the split \u2013 off terms. <\/p>\n
Maximum number of shares to be redeemed is 5 180 214, i.e. 10 percent of the authorized capital of INVALDA AB.<\/p>\n
According to the publicly announced terms, a part of Invalda AB will be split \u2013 off and a new public joint \u2013 stock company Invalda privatus kapitalas will be formed on the basis of the assets, equity and liabilities assigned to this part. In the split \u2013 off, 45,45 percent of the assets, equity capital and liabilities of INVALDA AB will be allocated to the newly established company. A balance value of the assets of INVALDA AB as of the end of the year 2012 totaled to LTL 372,1 million.<\/p>\n
The person authorised to provide additional information:
Dalius Kaziunas
President
Tel. +370 5273 3278
Email: dalius@invalda.lt<\/p>\n","protected":false},"excerpt":{"rendered":"
The Board of one of the largest Lithuanian investment companies\u2019 Invalda AB approved the procedure, under which the shares of minor shareholders will be redeemed after approval of the split..<\/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-13201","post","type-post","status-publish","format-standard","hentry","category-press-releases","tag-imported"],"acf":[],"yoast_head":"\n