The board of one of the leading asset management group in Baltic region Invalda INVL initiates purchase of own shares and offers to buy up to 2.2 per cent shares in Invalda INVL and pay up to EUR 1 million.
Purchase price is EUR 3.82 per share at which market capitalization of the company is EUR 45.3 million.
“We are initiating a purchase because we want to narrow the gap between share price and its true value. The board considers that such purchases could be initated every year and shareholder will be free to decide what percentage of the Invalda INVL shares they want to convert into cash” – said Alvydas Banys, Chairman of the Board of the Invalda INVL.
A purchase will be placed from 12 June 2015 untill 22 June 2015 on NASDAQ Vilnius stock exchange.