The public joint – stock company „INVALDA“, company code 121304349, address Šeimyniškių str. 1A, Vilnius (hereinafter – INVALDA AB or the Company) after decision on the split – off taken by the General Meeting of Shareholders on April 9, 2013, will start implementation of the share redemption procedure on April 10, 2013. The shareholders holding the shares the nominal value whereof is less than 1/10 of the authorized capital of INVALDA AB shall have a right within 45 days (from April 10, 2013 till May 24, 2013) to sell their shares to the Company.
The redemption procedure will be implemented through the market of official offer of NASDAQ OMX Vilnius stock exchange (hereinafter – Stock Exchange). The redemption price is LTL 8.076 (EUR 2.339), i.e. it is equal to the weighted average price of transactions with Company’s shares on Stock Exchange during the period of six months immediately preceding the General Meeting of Shareholders which adopted the decision on the split – off.
The maximum number of shares to be redeemed is 5,180,214, i.e. 1/10 of the authorized capital.
Share sale orders shall be accumulated during the entire acquisition period. Settlement for the redeemed shares will be made on the next day after the completion of the transaction.
In order to provide the share sale order, the shareholders should approach any bank or brokerage house, which has a right to submit orders on the Stock Exchange.
Shareholders of INVALDA AB holding the shares the nominal value whereof is less than 1/10 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 – off terms.
The share redemption will be discontinued, if any the following facts will take place: (i) the nominal value of shares requested to be redeemed exceeds 1/10 of the authorized capital of INVALDA AB; (ii) the shareholders whose rights to sell shares to the Company during the split – off terms are limited according to the split – off terms, will provide share sale order. The fact that the shares will not be redeemed will be immediately announced in the daily Lietuvos Rytas as well as on the Central Storage Facility and the website www.invalda.lt
The person authorised to provide additional information:
Dalius Kaziunas
President
Tel. +370 5273 3278
Email: [email protected]