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INVL Technology announces the permanent suspension of planned transactions of the managers of the company

INVL Technology
·1-min read

On 29 April 2021, INVL Technology (hereinafter – “the Issuer”) received a notification from Invalda INVL by which the Issuer was informed about the Board decision of Invalda INVL form 29 April to suspend permanently the execution of the guidelines for the trading in the Issuer's shares. Information about the above—mentioned guidelines was announced on 4 January 2021 https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=999267&messageId=1251394.

The Board of Invalda INVL made the above-mentioned decision, considering the decisions of the General Meeting of Shareholders of the Issuer of 29 April 2021 (i) to approve the new wording of the Articles of the Association where the right of the Issuer to acquire its own shares is indicated and (ii) to approve the procedure of the Issuer’s own shares acquisition.

According to the decisions of the General Meeting of Shareholders of the Issuer, the Issuer will be able to acquire its own shares in order to reduce the difference between market price and the net asset value per share.

The person authorized to provide additional information:
Head of the Private Equity unit
Vytautas Plunksnis
E-mail vytautas.plunksnis@invl.com