Tallinn/Riga/Vilnius, Baltic Market, June 4, 2014 – The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ ) announces that as of today the shares of three new companies - INVL Baltic Real Estate (ticker INR1L), INVL Baltic Farmland (INL1L) and INVL Technology (INC1L) are listed on the NASDAQ OMX Vilnius Secondary List. The public companies INVL Baltic Farmland, INVL Baltic Real Estate and INVL Technology were established after the reorganization of Invalda LT and manage homogenous assets spun-off from Invalda LT. Invalda LT is listed on the NASDAQ OMX Baltic Main List.
“We are proud to welcome three new companies of Invalda LT group, the first Baltic listings this year” said Daiga Auziņa-Melalksne, Head of Exchange Services at NASDAQ OMX Baltic Market. “ Invalda LT’s shares have been traded on the NASDAQ OMX Vilnius since 1995 and have been among the most attractive shares for investors. We look forward to supporting the newly established companies in reaching their long term business goals.”
"Our new companies are listed in order to provide shareholders an option to form their own preferred portfolio,” said Darius Šulnis, President of Invalda LT. "We believe that the infrastructure of the NASDAQ OMX Baltic stock exchanges is adequate to maintain the desired liquidity and raise new capital, so we have to take advantage of this infrastructure”.
INVL Baltic Farmland manages shares of 17 companies investing into agricultural land, INVL Technology has a stake of 80% in BAIP Group, which invests into IT companies. Companies of INVL Baltic Real Estate group currently have invested into 12 real estate objects in Vilnius and Riga.
Shareholders of Invalda LT proportionally participate in the capital of the new companies. It is estimated that a shareholder of Invalda LT owning 1000 shares (100%), after the spin-off owns 520 shares (52.05%) of Invalda LT, 145 shares (14.45%) of INVL Baltic Farmland, 309 shares (30.9%) of INVL Baltic Real Estate, and 26 shares (2.6%) of INVL Technology.
As of June 4, 2014, the Baltic List contains 83 companies, including 34 issuers on the Main List, 47 issuers on the Secondary List and 2 issuers on the First North alternative market.
About Invalda LT, AB
Invalda LT is one of the major investment companies in Lithuania and seeks to become one of the leading asset management companies in the region. Since its incorporation in 1991, Invalda has executed several tens of entity acquisition, sale and capital attraction transactions, the total value whereof would reach approximately EUR 1.14 billion (LTL 4 billion). Invalda LT successfully manages shareholders’ assets since 1991. The company believes the experience of its team in acquisitions, business restructuring, development and sales create value; therefore, the company redesigns its business model and plans to manage assets of both its shareholders and investors.
In order to achieve this goal a company Invalda LT Investments was incorporated in the beginning of 2014. Invalda LT Investments seeks to have the asset management company license issued by the Bank of Lithuania. The license will grant the right to manage private equity, real estate and investment funds.
About NASDAQ OMX Group
NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. Read more: www.nasdaqomx.com .
NASDAQ OMX Baltic Market is a common name for exchanges, regulated markets, alternative markets First North operated by NASDAQ OMX companies in the Baltic States, i.e. NASDAQ OMX Tallinn AS, AS NASDAQ OMX Riga and AB NASDAQ OMX Vilnius. Read more: www.nasdaqomxbaltic.com.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact: Audronė Ranonytė 370 5 272 34 58 audrone.ranonyte@nasdaqomx.com
