INVL Technology repurchased own shares at EUR 4.80 per share
INVL Technology, a company that invests in information technology businesses, repurchased 449 of its own shares, for which EUR 2.155,2 thousand will be paid (excluding brokerage fees). All shares offered by shareholders were acquired at a fixed price of EUR 4.80 per share.
Settlement for the repurchased shares will take place on 19 May. During the share buy-back, which ran from 11 to 15 May, a maximum of 110 thousand shares (0.9% of the authorised capital) could have been acquired.
Prior to the buy-back announcement, INVL Technology shares were trading at EUR 4.66 on the stock exchange. Up to EUR 528 thousand were allocated for the repurchase of own shares.
The acquired shares will be cancelled, with a corresponding reduction in the company's authorised capital, thereby increasing the value of each remaining share.
INVL Technology manages the cybersecurity firm NRD Cyber Security, the GovTech business group NRD Companies, and the Baltic IT services company Novian.
Managed by INVL Asset Management, the leading alternative asset manager in the Baltics, INVL Technology operates as a closed-end investment company. All of the company's investments are to be realised by mid-July 2028 at the latest, with proceeds distributed to shareholders.
Important information
This is a marketing communication, which is not and shall not be construed as an offer to purchase investment shares of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.
When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he/she/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the articles of association, prospectus and other documents of the respective collective investment undertaking.
