Invalda INVL, the leading asset management group in the Baltic region, signed stock option agreements with employees regarding the acquisition of 40,862 shares of the company in the future.
On the basis of the stock option agreements entered into this year, employees of Invalda INVL and of companies in which Invalda INVL owns more than 50% of shares will have the right in 2025 to acquire shares of Invalda INVL with a nominal value of EUR 0.29 at the fixed price of EUR 1 per share.
“We are continuing the long-standing practice of giving employees favourable opportunities to acquire stock options and become shareholders of the company. Options are considered one of the most effective financial incentives, as they make the pursuit of common long-term goals mutually advantageous for both the employer and the employee. That is especially important in our business, where growth and success are inseparable from employees’ professionalism and motivation,” says Alvydas Banys, Chairman of the Board of Invalda INVL.
The decision to offer employees option agreements this year as well was taken at the general meeting of the shareholders of Invalda INVL held on 30 April this year. The price of the shares that employees will acquire under the option agreements was also approved at the meeting.
In total, including the agreements signed this year, since 2016 group employees have entered into stock option agreements for 686,924 shares of Invalda INVL and have already acquired 260,926 of those shares.
In May this year, Invalda INVL’s authorized capital rose to EUR 3,493,935. The authorized capital was increased by the issue of 69,479 issued ordinary registered shares of the company, which employees of the Invalda INVL group subscribed and paid for in exercising options that were granted to them in 2019.
About Invalda INVL
Invalda INVL is a leading asset management group which is open and growing, invests with clients, and creates well-being for people through its work. The group’s companies, which operate in Lithuania and Latvia, serve over 260 000 individual and institutional clients from the region and abroad. Those clients have entrusted the Invalda INVL group with EUR 1.6 billion of assets for management in a variety of asset classes, including pension and mutual funds, individual portfolios, and private equity and other alternative investments.
The shares of Invalda INVL have traded on the Nasdaq Vilnius stock exchange since 1995.