Equity capital of investment company Invalda increase by 50 mLTL. The bonds issue equal to this amount will be converted to shares by 5.5 LTL. The owner of the bonds Dailius Juozapas Miseikis after the shareholders meeting of Invalda held on Saturday placed the application to convert bonds.
“We made a significant job. The agreements we’ve reached allow us significantly strengthen the balance of Invalda and to reduce company’s current liabilities, changing into long-term the largest part of them. The other goal – to adapt businesses to the changed economic environment, we already implemented in 2009. Our main businesses operate well and give positive cash flows” – said the president of Invalda Darius Sulnis.
After the bonds conversion, which is planned to finish in the beginning of February, the number of Invalda’s shares will increase from 42.569 mln. up to 51.66 mln. units. Dailius Juozapas Miseikis will own 25.52%, Vytautas Bucas – 18.56%, company Lucrum Investicija – 10,38%, Alvydas Banys and related persons – 8.29%, Darius Sulnis – 7.88%, Algirdas Bucas – 6.63%, Dalius Kaziunas with the spouse – 0.41% and other shareholders 22.33% of votes.
32.44 mLTL nominal value bonds, 7.44 mLTL of them resolved to issue at the shareholders meeting on Saturday, will be redeemed July 1, 2012. These bonds can also be converted to Invalda’s shared by 5.5 LTL.
About Invalda AB
Investment company Invalda was established in 1992. The goal of the company – steady long term growth, successful activity development and high long term financial return to the shareholders. Currently Invalda focuses on pharmacy (Sanitas), roads and bridges construction (Tiltra Group, Kauno Tiltai), furniture manufacturing (Vilniaus Baldai), real estate (Invalda Nekilnojamojo Turto Fondas) and IT infrastructure (Positor, Baltic Amadeus Infrastrukturos Paslaugos) segments.
Activities of Invalda group cover Central and East Europe – Poland, Lithuania, Slovakia and Latvia.
Invalda AB shares have been listed since December 19, 1995 (then – at National Stock Exchange); from the January 1, 2008 the company’s shares have been on the Main List of NASDAQ OMX Vilnius stock exchange.