Invalda INVL, one of the Baltic region’s leading asset management groups, during 2021 will conduct transactions in shares of INVL Technology, a company that invests in IT businesses, and the real estate investment company INVL Baltic Real Estate.
“Shares would be bought when their price is lower than the net asset value (NAV) and sold at a price above NAV. During closed trading periods, as for instance before announcement of financial results, trading would not take place. Trading also would not be conducted during a period when a redemption of shares of the two named companies is taking place on grounds established by the law,” Darius Šulnis, the President of Invalda INVL said.
Guidelines for trading in the shares of INVL Technology and INVL Baltic Real Estate during 2021 were approved by a decision of the board of Invalda INVL. They set the size of the purchasing programme at up to EUR 200,000 per company per year, while the shares sold would be those acquired under the guidelines.
Both INVL Technology and INVL Baltic Real Estate are managed by INVL Asset Management, a subsidiary of Invalda INVL.