Invalda INVL, one of the Baltic region's leading asset management groups, will purchase up to 1.01 per cent of its own shares. By decision of the company’s board, shares will be purchased from 4 May to 18 May this year, with a maximum of 120 000 shares to be acquired. The buy-back share price is EUR 4.55 and the maximum total amount to be paid for all acquired shares is EUR 546 000.
“We regularly conduct purchases of our own shares, giving investors the freedom to choose. Unlike with dividends, when all shareholders get equal pay-outs, a share buy-back allows each investor to sell the number of shares they desire or, on the contrary, to keep their entire current holding,” said Darius Šulnis, the CEO of Invalda INVL.
Following re-election of Invalda INVL’s board for another four years by the shareholders meeting, Alvydas Banys was elected to continue as chairman for the new term. The board’s other members are Darius Šulnis and Indrė Mišeikytė.
Invalda INVL, operating since 1991, is one of the leading asset management groups in the Baltics. Companies the group owns in Lithuania and Latvia manage more than 20 mutual, real estate and pension funds (2nd and 3rd pillar), alternative investments, individual portfolios, private equity and other financial instruments. At the end of 2016 the group’s companies were managing over EUR 500 million of assets entrusted to them by more than 170,000 clients in Lithuania and Latvia as well as international investors. Invalda INVL’s shares have traded on the Nasdaq Baltic securities exchange since 1995.