The authorised capitals of Invalda LT and Invalda Privatus Kapitalas will be approved as well as their Boards elected on 28 May2013-05-06
The completion of the split – off of one of the major Lithuanian investment companies Invalda is going to be completed in the end of May after the General Shareholders Meetings of Invalda LT and Invalda Privatus Kapitalas will be held. It is planned to specify the authorized capitals of both companies as well as elect their Boards.
The General Shareholders Meetings of Invalda (after the split-off continuing activity under the new name Invalda LT) and Invalda Privatus Kapitalas will be held on 28 May.
“The authorized capitals of the companies have to be specified, as Invalda acquired own shares after the drawing - up of the split – off terms. The exact size of the authorized capitals of each company will be known after completion of the share redemption procedure lasting till the 24 May,” – said Dalius Kaziunas, the president of the Company.
According to him, the candidates to the Boards of Invalda LT and Invalda Privatus Kapitalas will be known later.
According to the split - off terms approved by the shareholders, 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.
45.45 percent of the total assets of Invalda (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.
After the split – off, Darius Sulnis, Alvydas Banys and Irena Ona Miseikiene as well as the persons related to them will be the largest shareholders in Invalda LT; and Vytautas Bucas, Algirdas Bucas and Irena Ona Miseikiene will be the largest shareholders in Invalda Privatus Kapitalas.