The General Shareholders’ Meeting decides upon dividend payment and sets the amount of dividends. The company pays out the dividends within 1 month after the day of adoption of the resolution on profit distribution.
The dividend payment policy was approved on 9 April 2020 by the General Shareholders Meeting of SUTNTIB INVL Baltic Real Estate.
Persons have the right to receive dividends if they were shareholders of the company at the end of the tenth working day after the day of the General Shareholders’ Meeting which issued the resolution to pay dividends.
Additional information:
The Management company INVL Asset Management, UAB of INVL Baltic Real Estate (hereinafter – the Company), taking into account that the Company has formed and not realised the reserve for the purchase of own shares which is equal to EUR 2.4 million and considering the resolution of the General Shareholders Meeting of the Company held on 30 April 2024, initiates the purchase of the Company‘s own ordinary registered EUR 1.45 nominal value shares. The acquisition will be implemented through the market of official offer of Nasdaq Vilnius stock exchange.
Purchase conditions:
Share purchase starts on 16 December 2024.
Share purchase ends on 20 December 2024.
Maximum number of shares to be acquired (units): 100,000 units.
Total maximum purchase price (EUR): EUR 270,000.
Maximum purchase price (EUR): EUR 2.70 per share.
Share purchase price (EUR): the price shall be determined according to Dutch auction principles, i.e. transaction shall be executed at single price.
Additional information:
The real estate investment company INVL Baltic Real Estate will seek to buy back more of its own shares via the Nasdaq Vilnius stock exchange.
The share buyback will take place 16-20 December. A maximum of 100,000 shares of INVL Baltic Real Estate will be acquired (or 1.2% of its authorized capital). The maximum purchase price is EUR 2.70 per share.
On 11 December, the price of INVL Baltic Real Estate’s shares on the stock exchange was EUR 2.46.
“We’re announcing another buyback of the company’s own shares and increasing the purchase price. In the last offer we did not acquire the full amount of shares we offered – most likely because the company’s shareholders put a higher value on the shares,” says Vytautas Bakšinskas, the real estate fund manager at INVL Asset Management, which manages INVL Baltic Real Estate.
In a share buyback that took place 4-10 December this year, INVL Baltic Real Estate bought back 45,759 of its own shares, paying the previously established maximum price per share of EUR 2.50.
The real estate investment company currently has an unused reserve of EUR 2.4 million for acquiring its own shares. For the 16-20 December share buyback, it is planned to allocate EUR 270,000 from the reserve.
As the share buyback will be conducted on a Dutch auction basis, if demand is strong, the price may be lower. If more shares are offered than the company seeks to buy back, then under Dutch auction rules the 100,000 shares offered at the lowest price will be purchased, paying all sellers the same price set by the exchange’s algorithm.
The decision to begin a buyback of INVL Baltic Real Estate was made by the management company INVL Asset Management, the leading alternative asset manager in the Baltics. The shareholders of INVL Baltic Real Estate authorized the company to purchase its own shares in late April 2024.
About INVL Baltic Real Estate
INVL Baltic Real Estate owns real estate in Vilnius and Riga: office buildings in the Old Town of the Lithuanian capital on Vilniaus Street and in Šiaurės Miestelis, the Pramogų bankas in the centre of Vilnius, and the 52-ha Dommo Logistics and Industrial Park by the juncture of highway A8 and the A5 Riga bypass road. The company’s properties had occupancies of 85 % to 100 % at the end of September 2024.
INVL Baltic Real Estate currently owns properties with a total area of 19,300 sq. m., the value of the real estate at the end of September 2024 was EUR 45.59 million.
Since its launch as a collective investment undertaking (on 22 December 2016), INVL Baltic Real Estate has been one of the Baltic real estate funds open to retail investors with the highest stable returns. The INVL Baltic Real Estate operates as a closed-ended investment company which is managed by INVL Asset Management, the leading alternative asset manager in the Baltics. INVL Baltic Real Estate will operate as a closed-end investment company until 2046, with extension possible for a further 20 years.
About INVL Asset Management
INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development.
We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds. Further information www.invl.com/en/.
The person authorized to provide additional information:
Real Estate Fund Manager of Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com
INVL Baltic Real Estate (hereinafter – the Company) finished the share buy-back. The Company will purchase 45,759 shares for the total amount of EUR 114,397.50 (without brokerage fees).
The Company could purchase up to 100,000 shares. During the share buy-back 45,759 units of shares were tendered. Final share purchase price, which was determined on the basis of the Dutch auction – EUR 2.50 per share.
Share purchase procedure started from 4 December 2024 and was implemented through the market of official tender offers of NASDAQ Vilnius stock exchange until 10 December 2024.
The acquired shares will be settled on 12 December 2024.
More information about the share buy-back process is provided here:
https://view.news.eu.nasdaq.com/view?id=b06701e828f1a865b1fb01ab7db4d3bf3&lang=en
Additional information:
The real estate investment company INVL Baltic Real Estate bought back 45,759 of its own shares via the stock exchange according to Dutch auction principles, paying the established maximum price per share (EUR 2.50).
”The purpose of repurchasing shares is to reduce the company’s share capital by cancelling the shares acquired. Likely the company’s shareholders put a higher value on their shares, thus we ended up buying back fewer of our shares than we had planned,” says Vytautas Bakšinskas, the real estate fund manager at INVL Asset Management, which manages INVL Baltic Real Estate.
INVL Baltic Real Estate aimed to acquire up to 100,000 shares (1.2% of its authorized capital), at a maximum purchase price of EUR 2.50 per share.
The share buyback according to Dutch auction principles took place 4-10 December. The sum of EUR 250,000 was allocated for repurchasing shares, using part of a EUR 2.5 million reserve formed for that purpose.
The decision to begin a buyback of INVL Baltic Real Estate was made by the management company INVL Asset Management, the leading alternative asset manager in the Baltics. The shareholders of INVL Baltic Real Estate approved the purchase of own shares and the terms for doing so in late April 2024.
About INVL Baltic Real Estate
INVL Baltic Real Estate owns real estate in Vilnius and Riga: office buildings in the Old Town of the Lithuanian capital on Vilniaus Street and in Šiaurės Miestelis, the Pramogų bankas in the centre of Vilnius, and the 52-ha Dommo Logistics and Industrial Park by the juncture of highway A8 and the A5 Riga bypass road. The company’s properties had occupancies of 85 % to 100 % at the end of September 2024.
INVL Baltic Real Estate currently owns properties with a total area of 19,300 sq. m., the value of the real estate at the end of September 2024 was EUR 45.59 million.
Since its launch as a collective investment undertaking (on 22 December 2016), INVL Baltic Real Estate has been one of the Baltic real estate funds open to retail investors with the highest stable returns. The INVL Baltic Real Estate operates as a closed-ended investment company which is managed by INVL Asset Management, the leading alternative asset manager in the Baltics. INVL Baltic Real Estate will operate as a closed-end investment company until 2046, with extension possible for a further 20 years.
About INVL Asset Management
INVL Asset Management is the leading Baltic alternative asset manager. We strive to deliver superior risk-adjusted returns to our investors while positively impacting our region’s economic development.
We are part of the Invalda INVL group with a track record spanning over 30 years. Our group manages or have under supervision more than EUR 1.6 billion of assets across multiple asset classes including private equity, forests and agricultural land, renewable energy, real estate as well as private debt. Our scope of activities also includes family office services in Lithuania, Latvia and Estonia, management of pension funds in Latvia, and investments in global third-party funds. Further information www.invl.com/en/.
The person authorized to provide additional information:
Real Estate Fund Manager of Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com
On 30th of April 2024, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.09 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 15th of May 2024 were shareholders of INVL Baltic Real Estate.
On 18th of April 2023, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.09 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 3rd of May 2023 were shareholders of INVL Baltic Real Estate.
On 12 April 2022, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.12 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 27 April 2022 were shareholders of INVL Baltic Real Estate.
On 29 April 2021, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.12 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 13 May 2021 were shareholders of INVL Baltic Real Estate.
On 9 April 2020, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 1.55 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 24 April 2020 were shareholders of INVL Baltic Real Estate.
On 26 April 2019, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.13 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 13 May 2019 were shareholders of INVL Baltic Real Estate, AB.
On 26 March 2018, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.13 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 10 April 2018 were shareholders of INVL Baltic Real Estate.
On 11 April 2017, the General Shareholders Meeting of INVL Baltic Real Estate decided to allocate EUR 0.012 dividend per share.
Dividends were paid to the shareholders who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 26 April 2017 were shareholders of INVL Baltic Real Estate.
On 11 May 2017, INVL Baltic Real Estate announced that the company would start to allocate the dividends from 11 May 2017. Dividends were allocated to those shareholders of the company who had designated existing bank accounts.
On 27 April 2016, the General Shareholders Meeting of INVL Baltic Real Estate decided to allocate EUR 0.012 dividend per share.
Dividends were allocated to the shareholders, who at the end of the tenth business day following the day of the General Shareholders Meeting that adopted a decision on dividend payment, i.e. on 11 May 2016 were shareholders of INVL Baltic Real Estate.
On 23 May 2016 INVL Baltic Real Estate announced that the company will start to allocate dividends from 26 May 2016. Dividends were allocated to those shareholders of the company, who has provided existing bank accounts.