Invalda INVL, a leading asset management group, is commencing a first EUR 10 million public offering of fixed-rate notes to private and institutional investors in the Baltics on 3 June.
MoreInvalda INVL, the leading Baltic asset management group, signed stock option agreements with employees regarding the acquisition of 24,372 shares of the company in the future.
MoreInvalda INVL plans a public bond issue this year. It would be the first time that the company’s bonds are offered publicly to both institutional and retail investors in the markets of the Baltic countries.
MoreInvalda INVL will pay dividends to shareholders, continue its stock option programme and allow employees of group companies to exercise previously granted stock options. Those decisions were adopted at a general meeting of the company’s shareholders on 30 April.
MoreInvalda INVL, which is the leading asset management group in the Baltics, had equity of EUR 178 million at the end of 2023, or EUR 14.83 per share. The figures were 36.1% and 34% larger, respectively, than a year earlier.
MoreInvalda INVL, the leading asset management group in the Baltics, has decided to sell part of its stake in Šiaulių Bankas (1.95 million shares or 0.29% of the share capital) in order to stay within the 20% threshold as set by the European Central Bank’s decision.
MoreFollowing the completion of a retail businesses merger, Invalda INVL, the leading Baltic asset management group, has acquired 9.39% of the shares of Šiaulių Bankas and increased its equity stake to 18.45%, thus becoming the bank’s largest shareholder.
MoreInvalda INVL’s equity at the end of September this year was EUR 135.6 million, or EUR 11.29 per share. The figures were 3.7% and 2 % larger, respectively, than at the end of 2022.
MoreŠiaulių Bankas and Invalda INVL have successfully completed the merger of their retail businesses. Effective 1 December 2023, Šiaulių Bankas Group will take over the management of II pillar and III pillar pension funds and retail investment funds, expanding the range of investment options available to clients. Additionally, the Group will introduce a revamped suite of life insurance products. Invalda INVL will become the largest shareholder of Šiaulių Bankas when the transaction is finalised.
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