The shareholders of one of the largest Lithuanian investment companies’ Invalda AB will be deciding on the approval of the Company’s split – off terms on April 9, 2013.
On Monday the Board of Invalda AB set a date of extraordinary General Shareholders Meeting.
“If the shareholders approve the terms, the split – off may be completed within less than a couple of months after the extraordinary shareholders meeting” – said Dalius Kaziunas, the President of the Company.
According to the publicly announced split – off terms, a part of Invalda AB will be split – off and on the basis of this part a new public joint – stock company Invalda Privatus Kapitalas will be formed. In the split – off, 45.45 percent of the total assets of the Company (a balance sheet value of the Company’s assets at the end of 2012 totalled to LTL 372.1 million) as well as 45.45 percent of the Company’s equity capital and liabilities will be allocated to the newly established entity.
Additionally, the procedure of redemption of shares must be approved and announced by the Board not later than 10 days before the convoked General Shareholders Meeting. The shares will be redeemed for the price not lower than weighted average price of transactions with Company’s shares on NASDAQ OMX Vilnius Stock Exchange during the period of 6 months immediately preceding the General Shareholders Meeting.
“After the completion of the redemption of the shares, another General Shareholders Meeting will be held in order to specify the authorised capitals of the companies’ continuing after the split – off, taking into account the acquired treasury shares of Invalda AB”, – said D. Kaziunas.
The person authorised to provide additional information:
Dalius Kaziunas
President
Tel. +370 5273 3278
Email: [email protected]