Invalda INVL, one of the Baltic region's leading asset management groups, will acquire 3,396, or 0.03%, of its own shares, paying EUR 18,780 for them (excluding brokerage fees).
The Invalda INVL share buy-back ran from 7 May to 21 May on the Nasdaq Vilnius exchange. Given that the company offered to buy a total of 200 000 shares, the shareholders taking part in the buy-back will sell 100% of the shares they have offered to sell. The buy-back price offered by the company was EUR 5.53 per share. Settlement for the shares will take place on 23 May.
“This buy-back shows that a small part of shareholders took the chance to sell shares at a price higher than the exchange’s. It’s likely that shareholders decided to maintain their investment because they see the company’s value and believe in its future,” said Darius Šulnis, the president of Invalda INVL.
Invalda INVL, operating since 1991, is one of the leading asset management groups in the Baltic countries. Companies the group owns in Lithuania and Latvia manage more than 20 mutual and pension funds (2nd and 3rd pillar), alternative investments, individual portfolios, private equity, private debt and other financial instruments. The group’s companies have more than EUR 600 million of assets under management, entrusted to them by over 190 000 clients in Lithuania and Latvia and international investors. The shares of Invalda INVL have traded on the Nasdaq Baltic securities exchange since 1995.