UAB "Valstybės investicinis kapitalas" Increases Capital of Subsidiary
News related to:Valstybės investicinis kapitalas UAB · 1 min read
This increase was achieved through the issuance of 3,360,000 new ordinary registered intangible shares, each with a nominal value of EUR 1.
The share issue was executed at a price of EUR 10 per share, generating a total issue price of EUR 33,600,000. The difference between the issue price and the nominal value of the shares, amounting to EUR 30,240,000, will be credited to the share premium. The shares were distributed to the existing shareholders according to their current holdings. Specifically, EPSO-G received 1,713,600 shares, while UAB "Valstybės investicinis kapitalas" received 1,646,400 shares.
The move is part of a broader strategy to strengthen the financial position of UAB "EPSO-G Invest," a company that operates in a sector critical to the state's economic development.
The capital increase is expected to provide UAB "EPSO-G Invest" with the necessary funds to expand its operations, invest in new projects, and enhance its competitive position. The company's CEO, Vaidas Daktariunas, stated, "This capital increase is a significant step in our growth strategy. It will enable us to pursue new opportunities and further contribute to the state's economic objectives."
The authorized capital increase of UAB "EPSO-G Invest" is a testament to the company's commitment to sustainable growth and its role in supporting the state's economic initiatives. The transaction is subject to the approval of relevant regulatory bodies and is expected to be completed in the coming weeks.