Invalda INVL's Strategic Move: Share Buyback Insights
Invalda INVL's Recent Share Buyback Overview
Invalda INVL has successfully completed its most recent share buyback initiative. This strategic decision involved the company purchasing 0.43% of its own shares, amounting to a substantial total of EUR 786.7 thousand, excluding any brokerage fees. The actual number of shares Invalda INVL, AB could potentially acquire was up to 67,430 units, out of which 53,043 shares were tendered during the buyback period.
Understanding the Pricing Strategy
The pricing of these shares was established through a Dutch-auction process. In this method, the company set the price at EUR 14.83 per share, which reflects the price at which every participating shareholder sold all of their offered shares. This innovative tactic aims to balance both shareholder needs and company goals, ensuring a fairer assessment of market value.
Timeline of the Buyback Procedure
The share purchase procedure initiated on September 2 and was conducted via the official tender offers market of the Nasdaq Vilnius stock exchange, concluding on September 6. The completion of the acquisition process is expected to be finalized by September 10, post which the shares will be settled.
Contact Information for Inquiries
For individuals seeking more detailed information regarding this buyback process, the designated contact person is:
Raimondas Rajeckas
CFO of Invalda INVL
Email: raimondas@invaldainvl.com
Frequently Asked Questions
What prompted Invalda INVL to initiate a share buyback?
The buyback is often a strategic move to optimize the capital structure and provide value back to shareholders.
How much did Invalda INVL spend on the buyback?
The company allocated EUR 786.7 thousand for the purchase of the shares.
What method was used to determine the stock price during the buyback?
A Dutch-auction principle was utilized, ensuring a fair price for shareholders selling their shares.
When was the buyback process completed?
The buyback process was executed between September 2 and September 6, with shares to be settled by September 10.
Who can I contact for more information about Invalda INVL?
For additional queries, you can reach out to Raimondas Rajeckas, the CFO, via email at raimondas@invaldainvl.com.
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