Invalda INVL Simplifies Structure with Key Securities Transactions
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Invalda INVL's Strategic Move for Simplification
Invalda INVL has taken decisive steps to streamline its operations by selling and purchasing a series of securities through its wholly-owned subsidiary, INVL Life UAB. This decision comes on the heels of the life insurance services being integrated with Šiauli? Bankas Group, effective December 1, 2023. Such a merger aims to enhance efficiency and consolidate resources within the group.
Notable Securities Transactions
As part of its recent activities, Invalda INVL acquired several substantial stakes from INVL Life:
Key Shares Acquired
- 1,873,678 shares of INVL Technology, which constitutes a 15.39% ownership of its share capital.
- Full ownership of Cedus Invest, the firm that facilitates Invalda INVL’s investments in UAB Litagra.
- A portion of units from the INVL Baltic Sea Growth Fund—a closed-end private equity investment fund primarily designed for professional investors—with a capital commitment totaling EUR 7,621,959.71.
Total Value of Transactions
The comprehensive value of these transactions stands at an impressive EUR 44.6 million. Notably, the aforementioned shares and investment units were transferred to INVL Life as part of a capital increase in early 2022. There are plans for Invalda INVL to acquire the remaining securities owned by INVL Life in the near future, effectively completing this operation.
Impact on Financial Results
Since these transactions transpired within the group, they have no bearing on Invalda INVL's financial performance or share price. This structure reinforces the group's internal strategies while allowing for future growth initiatives.
For Additional Information
The authorized representative available for further inquiries is Darius Šulnis, the CEO of Invalda INVL. For any questions, please reach out via email at darius.sulnis@invl.com.
Frequently Asked Questions
What is the purpose of the transactions by Invalda INVL?
The transactions aim to simplify operations following the merger of life insurance services with Šiauli? Bankas Group.
How much was the total value of the transactions?
The total value is EUR 44.6 million, reflecting the strategic acquisitions made from INVL Life.
What stakes has Invalda INVL acquired?
Invalda INVL has acquired shares in INVL Technology, Cedus Invest, and units from the INVL Baltic Sea Growth Fund.
Will these transactions affect Invalda INVL's financial results?
No, these internal group transactions do not impact Invalda INVL's financial performance or share price.
Who can I contact for more information?
Darius Šulnis, CEO of Invalda INVL, is the authorized contact for additional information and can be reached at darius.sulnis@invl.com.
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