Brief: INVL Baltic Real Estate announces offering price for new share issue at EUR 0.4 per share

INVL Baltic Real Estate SUTNTIB

13/01/2016 08:01

Jan 13 (Reuters) - INVL Baltic Real Estate AB  INR1L.VL : 
    * Offering price for new share issue is 0.4 euros per share, 
valuing entire company at 17.3 million euros 
    * Says money raised will be used to partially finance or 
refinance acquisition of 6,500 square meters of premises at the 
Vilnius Gates complex and to balance company's debt-to-equity 
ratio 
    * Says board is proposing adoption of a dividend policy 
foreseeing payment every year of a dividend of at least 0.012 
euros per share, which equals 3 per cent of the offering price 
 
Source text for Eikon:  ID:nVSE67TC  
     
Further company coverage:  INR1L.VL  
 
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