{"id":18469,"date":"2023-05-31T19:49:10","date_gmt":"2023-05-31T16:49:10","guid":{"rendered":"https:\/\/www.invaldainvl.com\/?p=18469"},"modified":"2023-05-31T19:49:13","modified_gmt":"2023-05-31T16:49:13","slug":"invalda-invl-group-completes-second-tranche-of-acquisition-of-siauliu-bankas-shares-from-the-ebrd","status":"publish","type":"post","link":"https:\/\/www.invaldainvl.com\/en\/regulated-information\/invalda-invl-group-completes-second-tranche-of-acquisition-of-siauliu-bankas-shares-from-the-ebrd\/","title":{"rendered":"Invalda INVL group completes second tranche of acquisition of \u0160iauli\u0173 Bankas shares from the EBRD"},"content":{"rendered":"\n
\n\t\t\t\t\t
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Invalda INVL indirectly acquired a further 11,733,728 units (1.95%) of the shares of \u0160iauli\u0173 Bankas from the European Bank for Reconstruction and Development (EBRD). Value of the transaction is EUR 7.234 million. After this transaction the Invalda INVL group\u2019s stake in \u0160iauli\u0173 Bankas grew to 9.999%. Invalda INVL conducted this second acquisition tranche, like the first one, through its wholly owned subsidiary INVL Life.<\/p>\n

Invalda INVL reminds that on 22 December 2021, it signed a Share Purchase-Sale Agreement with the EBRD. The parties agreed that Invalda INVL will directly and\/or indirectly acquire from EBRD 35,240,296 shares of \u0160iauli\u0173 bankas by 31 May 2024 at the latest. The shares will not be acquired all at once, but in instalments, in separate tranches. The parties have agreed that the initial price for \u0160iauli\u0173 bankas shares is EUR 0.633 per share and it will be recalculated during every payment considering dividends paid or other changes in capital by \u0160iauli\u0173 bankas, as well as 5% annual interest calculated from the date of signing the agreement.<\/p>\n

Invalda INVL did not yet need regulatory approval for the second tranche of its acquisition of \u0160iauli\u0173 Bankas shares from the EBRD, as the threshold of 10% of voting rights has not been exceeded. However, considering the retail business merger agreed with \u0160iauli\u0173 Bankas on 22 November 2022 (notice is published here<\/a>) and the 9.39% of the bank’s shares to be obtained in that transaction, Invalda INVL\u2019s stake in the bank will rise to almost 20%. Thus, regulatory approval to hold more than one-tenth of \u0160iauli\u0173 Bankas’s shares will be required, and a prefilling assessment procedure is currently underway.<\/p>\n

This announcement of the second acquisition tranche is published in the category “Notification on material event” in order to maintain consistency in regulatory disclosures. The first notice on the concluded contract with the EBRD is <\/em>published here<\/em><\/a>.<\/em><\/p>\n

\u00a0<\/em><\/p>\n

Person authorised to provide additional information:
\nDarius \u0160ulnis
\nPresident of Invalda INVL
\nE-mail darius.sulnis@invl.com<\/p>\n\t\t<\/div>\n\t<\/section>\n","protected":false},"excerpt":{"rendered":"

Invalda INVL indirectly acquired a further 11,733,728 units (1.95%) of the shares of \u0160iauli\u0173 Bankas from the European Bank for Reconstruction and Development (EBRD). Value of the transaction is EUR 7.234 million.<\/p>\n","protected":false},"author":9,"featured_media":5301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-18469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regulated-information"],"acf":[],"yoast_head":"\nInvalda INVL group completes second tranche of acquisition of \u0160iauli\u0173 Bankas shares from the EBRD - Invalda INVL<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.invaldainvl.com\/en\/regulated-information\/invalda-invl-group-completes-second-tranche-of-acquisition-of-siauliu-bankas-shares-from-the-ebrd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Invalda INVL group completes second tranche of acquisition of \u0160iauli\u0173 Bankas shares from the EBRD - Invalda INVL\" \/>\n<meta property=\"og:description\" content=\"Invalda INVL indirectly acquired a further 11,733,728 units (1.95%) of the shares of \u0160iauli\u0173 Bankas from the European Bank for Reconstruction and Development (EBRD). 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