Vilnius, Lithuania, 2014-05-09 11:32 CEST (GLOBE NEWSWIRE) -- Trading in Invalda LT shares after the completed split-off will be renewed on 13 May.
The authorised capital of Invalda LT, after the companies INVL Baltic Farmland, INVL Technology and INVL Baltic Real Estates were split-off, amounts to 11,865,993 shares. Every shareholder now owns 52.05% of the previously owned amount of Invalda LT shares and additionally own shares of the new companies.
“Strategic goal of Invalda LT is asset management. The company manages assets and various businesses since 1991. We seek the new business model to be optimal for the current and potential investors and to increase asset value of more than 3.8 thousand of present shareholders”, - Darius Sulnis, the president of Invalda LT, commented.
Invalda LT, which recently signed agreements regarding sale of stake in Vilniaus Baldai and increase of stake in Litagra, announced summary of owned assets after the split-off. Assuming that the above mentioned transactions will be finished, cash and receivables for Vilniaus Baldai shares minus liabilities amounts to LTL 46.7 million (EUR 13.5 million), investment into shares of Litagra (carrying amount) amounts to LTL 45.6 million (EUR 13.2 million) (according to the amount of the recent deal these shares are valued at LTL 53.1 million (EUR 15.4 million)), loans to companies of INVL Baltic Real Estate amount to LTL 15.4 million (EUR 4.5 million), loans to companies of INVL Technology – LTL 9.6 million (EUR 2.8 million), investment into companies of facility management group Inservis (carrying amount) – LTL 4.2 million (EUR 1.2 million), investments into listed shares (market value) – LTL 4.3 million (EUR 1.2 million), other assets – LTL 9.5 million (EUR 2.8 million). Deferred income tax assets amounts to LTL 7.2 million (EUR 2.1 million).
The total amount of the above mentioned assets and LTL 1.4 million (EUR 0.4 million) investment into the main asset management business equals to LTL 143.9 million (EUR 41.7 million) (carrying amount). The real asset value may differ from the numbers indicated in the balance sheet.
The person authorized to provide additional information:
Darius Sulnis
President
Phone +370 5 279 0601
Email: Darius@InvaldaLT.com
