“As planned, the process of separation will be completed within several days after the expiry of the share buyback term, therefore the new company will start operations as early as in June,” Dalius Kaziūnas, Invalda president, said in a press release.
Meanwhile, the board of Invalda on Tuesday approved the share buyback price of 8.076 litas (EUR 2.34). The shares will be bought through the stock exchange during a 45-day period. The shareholders holding less than 10 percent of the company’s shares are eligible to sell the shares in the investment company.
Invalda Privatus Kapitalas will take over 45.45 percent of Invalda’s assets, whose balance-sheet value stood at 372.2 million litas in late 2012, and 45.45 percent of its equity capital and liabilities. There are no plans to list the new company on the NASDAQ OMX Vilnius Stock Exchange.
Invalda will continue to operate as Invalda LT after the reorganization.
The largest shareholders of Invalda LT will include Darius Šulnis, Alvydas Banys, Irena Ona Miseikienė and other people. The largest shareholders of Invalda Privatus Kapitalas will include Vytautas Bučas, Algirdas Bučas and Irena Ona Miseikienė.
