Vilnius, Lithuania, 2016-05-02 08:02 CEST (GLOBE NEWSWIRE) -- The Board of the public joint stock company Invalda INVL (identification code 121304349, the registered address Gynėjų g. 14, Vilnius, Lithuania) taking into account the public joint stock company Invalda INVL has formed and not utilised the reserve for the purchase of own shares which is equal to EUR 10,570 million and considering the Resolution of the General Shareholders meeting held on 29 April 2016, initiates purchase of own ordinary registered EUR 0.29 (twenty nine euro cents) nominal value shares. The acquisition will be implemented through the market of official offer of NASDAQ Vilnius stock exchange. Share sale offers shall be accumulated during the entire purchase period. Should sale offers exceed quantity of shares to be acquired, all offers shall be reduced in proportion.
Purchase conditions:
Share purchase starts on 5 May 2016.
Share purchase ends on 19 May 2016.
Max number of shares to be acquired (units): 250,000.
Max purchase price (EUR): 1,027,500
Share purchase price (EUR): 4.11 per share.
The person authorized to provide additional information:
Darius Sulnis
President
Phone +370 5279 0601
E-mail: darius.sulnis@invl.com