One of the major Lithuanian investment companies INVALDA after the split-off continuing activity under the new name Invalda LT will be led by Darius Sulnis, while Dalius Kaziunas, the current president of INVALDA, is suggested to be elected to the Board of the split-off company Invalda Privatus Kapitalas.
The Board of INVALDA on Wednesday recalled 36 years-old Dalius Kaziunas from office and elected 41 years-old Darius Sulnis to the position of the president of INVALDA. Darius Sulnis has already been the president of INVALDA in 2006-2011.
“My career at INVALDA AB group started in 1996, so during the split-off process, I had to choose between the teams. I decided to accept more attractive proposal.“, – said Dalius Kaziunas.
According to Darius Sulnis, after the completion of the split-off the main objective of the Company – steadily increase the investor equity value – will remain unchanged.
The Board of INVALDA on Wednesday named the Members to the Boards of Invalda LT and Invalda Privatus Kapitalas. The present Members of the Board of INVALDA – Darius Sulnis and Indre Miseikyte, are suggested to be elected to the Board of Invalda LT as well as Alvydas Banys, a shareholder of INVALDA.
Dalius Kaziunas and Indre Miseikyte, as well as Vytautas Bucas, the present Chairman of the Board of INVALDA, are suggested to be elected to the Board of Invalda Privatus Kapitalas.
According to the split – off terms approved by the shareholders, on May a part of INVALDA will be split – off and on the basis of this part a new public – joint stock company Invalda Privatus Kapitalas will be formed.
45.45 percent of the total assets of INVALDA (a balance sheet value of the Company’s assets at the end of 2012 totaled to 372.2 million litas) as well as 45.45 percent of the Company’s equity capital and liabilities will be allocated to the newly established entity.
After the split – off, Darius Sulnis, Alvydas Banys and Irena Ona Miseikiene as well as the persons related to them will be the largest shareholders in Invalda LT; and Vytautas Bucas, Algirdas Bucas and Irena Ona Miseikiene will be the largest shareholders in Invalda Privatus Kapitalas.
The person authorized to provide additional information:
Vytautas Plunksnis
Investment manager
Tel. (8 5) 2790691
E-mail: [email protected]