On January 30, 2010, Invalda AB received an application of Dailius Juozapas Miseikis, the owner of 50 mln. LTL (14.48 mln. EUR) nominal value bonds, to convert 500 000 owned bonds (the nominal value of one bond is 100 LTL, ISIN code LT0000401820) to 9 090 909 (nine million ninety thousand nine hundred and nine) ordinary registered Invalda AB shares (the nominal value of one share is 1 LTL).<\/p>\n
Following the decisions of Invalda AB General Shareholder Meetings held on 14 November, 2008, and 30 January, 2010, stating that the day of the above-mentioned request placement is considered to be the end of bonds issue term, Invalda AB obliges to convert to shares all bonds owned by the investor no later than 10 business days from the day when written application was received.<\/p>\n
Main facts about the shares that 500 000 bonds are converted to:
– the number of shares bonds are converted to \u2013 9 090 909 shares;
– class – ordinary registered shares;
– nominal value – 1 (one) LTL;
– granted rights – all property and non-proper rights stated in the Articles of Association of Invalda AB. Shares issued converting bonds will be merged with the effectual share issue and could be traded on the NASDAQ OMX Vilnius Stock Exchange from the moment of issues merge.<\/p>\n
The share capital of Invalda AB is increased by 9 090 909 LTL, from 42 568 849 LTL till 51 659 758 LTL issuing 9 090 909 ordinary registered 1 LTL nominal value shares. <\/p>\n