"Possible allocation of the assets between the companies after the split-off, as well as their shareholder structures, will be known after the terms and conditions of the split-off are prepared," Invalda President Dalius Kaziūnas said in a press release.
Vytautas Bučas, one of Invalda's biggest shareholders, told BNS that he supported a split-off.
Alvydas Banys, Invalda's former vice-president who holds almost 15 percent of shares in the company together with related individuals, said that he would not comment until the terms and conditions have been drawn up.
Darius Šulnis, a former president of Invalda, confirmed to BNS that he voted in favor of a split-off but made no further comment. He told BNS in late October that in some cases, Invalda's shareholders differed in their opinions on strategy.
Irena Ona Mišeikienė, Invalda's largest single shareholder, told BNS on Tuesday that she backed a split-off, but made no further comment. In late October, Mišeikienė did not deny speculation that she wanted to exit Invalda.
At the end of June, Invalda's major shareholders also included Vytautas Bučas with 15.83 percent, Darius Šulnis and Lucrum Investicija (100 percent owned by Šulnis) with 15.1 percent, Algirdas Bučas with 8.17 percent, Alvydas and Daiva Banys with 7.46 percent, RB Finansai (a company related to Banys) with 6.33 percent.
Invalda is quoted on the blue-chip Main List of the NASDAQ OMX Vilnius stock exchange.