Invalda INVL, one of the Baltic region's leading asset management groups, will acquire 0.19 per cent of its own shares, paying EUR 105 thous. for them (excluding brokerage fees).
The Invalda INVL share buy-back was conducted from 4 May to 18 May via the Nasdaq Vilnius exchange. During the period investors offered to sell 23,076 shares. The company had offered to purchase a total of 120,000 shares, thus each investor will sell 100 per cent of the number of shares they have offered. The buy-back price offered by the company was EUR 4.55 per share. Settlement for the shares will take place on 22 May.
“The buy-back showed that some investors appreciate the chance to sell the number of shares they desire at their net asset value. We also plan to conduct such buy-backs in future,” said Darius Šulnis, the CEO of Invalda INVL.
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.