Furthermore, the assets of a balance sheet value of LTL 67.214 million will be allocated to Invalda Privatus Kapitalas, in particular real estate objects that are currently under development as well as service companies acting under the „Inreal“ brand. 39.35 percent of shares in Vilniaus Baldai and 54.55 percent in Cedus Invest will be allocated to Invalda LT 32.79 percent of shares in Vilniaus Baldai and 45.45 percent of shares in Cedus Invest will be allocated to the newly established company Invalda Privatus Kapitalas.Īccording to the split – off terms the following assets of a balance value of LTL 83.933 million will be allocated to Invalda LT after the split – off: commercial real estate objects (that currently are under possession of Invalda Nekilnojamojo Turto Fondas) as well as IT and facility management companies and Kelio Zenklai. In the split – off, the Company‘s shares in Cedus Invest (which holds 36.9 percent of shares in Litagra) and Vilniaus Baldai will be allocated to the companies continuing after the split – off proportionally, i.e. The Company will continue its activity after the split – off under the new name Invalda LT. „It is planned to finish the split – off procedure within several days after the end of redemption period, so in June a new company will be operational”- Dalius Kaziunas, the president of Invalda said. The share redemption procedure will be implemented through the market of official offer of NASDAQ OMX Vilnius stock exchange (hereinafter – Stock Exchange) and will last 45 days. it is equal to the weighted average price of transactions with Company’s shares on Stock Exchange during the period of six months immediately preceding the General Meeting of Shareholders which adopted the decision on the split – off. The redemption price approved by the Board is 8.076 litas, (EUR 2.339), i.e. In accordance with the Law on companies, the shareholders holding the shares with the nominal value less than 1/10 of the authorized capital of the Company, will have a right within 45 days after approval of the split – off terms by the general meeting of shareholders to request that their shares would be redeemed by the Company. The shares in Invalda Privatus Kapitalas are not going to be listed on NASDAQ OMX Vilnius Stock Exchange. According to those terms a part of Invalda will be split – off and on the basis this part a new public – joint stock company Invalda Privatus Kapitalas will be formed.Ĥ5.45 percent of the total assets of the Company (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.
The shareholders of Invalda, one of the largest Lithuanian investment company‘s, approved the split – off terms. SWFI is a minority-owned organization.The shareholders of Invalda approved the split – off terms. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues.
Invalda privatus kapitalas registration#
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