Vilnius, Lithuania, 2015-08-17 16:39 CEST (GLOBE NEWSWIRE) -- Reorganization of the public joint stock company INVL Baltic Real Estate and the public joint stock company Invaldos Nekilnojamojo Turto Fondas was completed on 17 August 2015. The public joint stock company INVL Baltic Real Estate was merged into the public joint stock company Invaldos Nekilnojamojo Turto Fondas.
The public joint stock company Invaldos Nekilnojamojo Turto Fondas took over all the rights and duties including the name of INVL Baltic Real Estate, which ceased its activity, and will continue operations under the new name the public joint-stock company INVL Baltic Real Estate.
The shares of the company operating after the reorganization will be quoted on the NASDAQ Vilnius Stock Exchange after completion of the actions foreseen in the legal acts.
The initial capitalization of the company operating after the merger reaches EUR 13.3 million. Recalculated price per share should reach EUR 0.308.
The company operating in the market - the public joint-stock company INVL Baltic Real Estate announces that after the completion of reorganization, the Authorized capital and a new wording of the Articles of Association of the company has been registered on 17 August 2015.
The company operating in the market - the public joint-stock company INVL Baltic Real Estate security information: shares issued (units) -43,226,252; total voting rights granted by the issued shares (units) – 43,226,252; nominal par value (EUR) – 0.29; authorized capital (EUR) - 12,535,613.08; ISIN code: LT0000127151.
Alvydas Banys, Indrė Mišeikytė and Andrius Daukšas were elected to the Board of the public joint stock company INVL Baltic Real Estate. A. Daukšas was appointed as a director of the company.
The person authorized to provide additional information:
Andrius Daukšas
Director
E-mail:andrius@InvaldaLT.com
