Invalda INVL, one of the Baltic region’s leading asset management groups, has concluded options contracts with employees for 80 571 ordinary registered shares of the company. The contracts were made with employees of Invalda INVL and of companies in which it owns more than half of shares
They will in 2020 acquire the right to purchase shares of Invalda INVL in the manner and on the terms specified in the options contracts, paying a price of EUR 1 for each share acquired.
“We believe that by giving employees a chance to get some of the value they create, we’re encouraging them to contribute even more to significant and sustainable growth of the Invalda INVL group,” said Darius Šulnis, the CEO of Invalda INVL.
Last year Invalda INVL concluded options contracts with employees for 52 906 ordinary registered shares of the company.
Invalda INVL, operating since 1991, is one of the leading asset management groups in the Baltics. Companies the group owns in Lithuania and Latvia manage more than 20 mutual, real estate and pension funds (2nd and 3rd pillar), alternative investments, individual portfolios, private equity and other financial instruments. At the end of 2016 the group’s companies were managing over EUR 500 million of assets entrusted to them by more than 170,000 clients in Lithuania and Latvia as well as international investors. Invalda INVL’s shares have traded on the Nasdaq Baltic securities exchange since 1995.