Invalda INVL, one of the Baltic region's leading asset management groups, this year will purchase 2,552, or 0.02%, of its own shares, paying EUR 14,500 for them (excluding brokerage fees). The shareholders participating in the buy-back will sell 100% of the shares they have offered. Settlement for the shares will take place on 12 June.
The company’s share buy-back took place from 28 May to 10 June this year, with the maximum number shares to be acquired set at 200 000 and the buy-back price per share at EUR 5.67.
“In announcing the share buy-back this year,we gave shareholders the chance to sell at a price equal to the last published value of equity per share at the time. The results of the buy-back show that the vast majority of shareholders chose to further maintain their investment,” Invalda INVL President Darius Šulnis said.
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 850 million of assets under management, entrusted to them by over 200 000 clients in Lithuania and Latvia and international investors. The shares of Invalda INVL have traded on the Nasdaq Baltic securities exchange since 1995.