Provider: Wright Reports
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Invalda AB Announces Share Redemption Procedure
Invalda AB announced that, after the decision on the split-off taken by the Company’s General Meeting of Shareholders, it will start implementation of the share redemption procedure on April 10, 2013. The shareholders holding the shares the nominal value whereof is less than 1/10 of the authorized capital of Invalda AB shall have a right within 45 days, from April 10, 2013 to May 24, 2013, to sell their shares to the Company. The redemption procedure will be implemented through the market of official offer of NASDAQ OMX Vilnius stock exchange (Stock Exchange). The redemption price is LTL 8.076 (EUR 2.339), and 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 maximum number of shares to be redeemed is 5,180,214, 1/10 of the authorized capital. Share sale orders shall be accumulated during the entire acquisition period. Settlement for the redeemed shares will be made on the next day after the completion of the transaction. Shareholders of Invalda AB holding the shares the nominal value whereof is less than 1/10 of the authorized capital of the Company, shall have the right to provide share sale orders, except the shareholders whose rights to sell shares to the Company during the split-off are limited according to the split-off terms.
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