OREANDA-NEWS. May 24, 2012. One of the largest Lithuanian investment companies’ Invalda AB shareholders decided to reduce the company's authorized capital by 5.756 million litas by cancelling Company's treasury shares. The Board was authorized to organize an additional buy-back program of Invalda AB shares.

The resolutions were adopted by the Extraordinary General Shareholders’ meeting of Invalda AB on 24th of May.

After cancelling the treasury shares, the authorized capital of Invalda AB will total to 51.802 million litas.

„We expect that the amended Articles of Association of the Company will be registered by the Register of Legal Entities in August. After that the Board will have a mandate to organize an additional buy-back of up to 10 percent of Invalda AB shares.“- said Dalius Kaziunas, the president of Invalda AB.

Invalda AB will have a right to acquire up to 5.18 million of own shares, paying for each of them from €1 to €5.

The particular decisions about the purchase price and volume will be made by the Board of Invalda AB taking into consideration prevailing market conditions.