INVL Baltic Farmland Announces Acquisition of Own Shares
OREANDA-NEWS. The Board of INVL Baltic Farmland, AB (identification code 303299781, the registered address Kalvariju str. 11A-20, Vilnius, Lithuania, office address Seimyniskiu str. 1A, Vilnius, Lithuania) taking into account that INVL Baltic Farmland's share price on NASDAQ OMX Vilnius stock exchange is more than 5 percent lower than the equity value per one share (EUR 3 or LTL 10.36) and considering the Resolution of the General Shareholders meeting held on 25 June 2014, initiated an acquisition of own ordinary registered LTL 1 (one) nominal value. shares. The acquisition will be implemented through the market of official offer of NASDAQ OMX Vilnius stock exchange. Share sale offers shall be accumulated during the entire acquisition period. Should sale offers exceed quantity of shares to be acquired, all offers shall be reduced in proportion.
Share acquisition starts on 14 August 2014.
Share acquisition ends on 30 September 2014.
Max number of shares to be acquired: 16 471.
Share acquisition price: EUR 2.86 (LTL 9.88) per share.'s
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