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Tomas Staškūnas replaces Virgeda Jackaitė as Acting CEO of Civinity
Globenewswire· 2025-08-27 05:28
Leadership Change - Civinity is undergoing a leadership change as CEO Virgeda Jackaitė goes on maternity leave, with Tomas Staškūnas appointed as Acting Chief Executive Officer [1][2] - Tomas Staškūnas has over 20 years of experience in finance and previously served as Chief Financial Officer of Civinity [3] Strategic Continuity - The appointment of Tomas Staškūnas is aimed at ensuring continuity in the group's operations and pursuing strategic goals during Jackaitė's absence [4] - Staškūnas has been actively involved in strategic decisions and day-to-day operations, making him well-prepared for the role [4] Company Priorities - The group's priorities remain unchanged under Staškūnas, focusing on organic growth, acquisitions, public bond issuance, and the development of the Smart Green City ecosystem [5] - Emphasis will continue to be placed on service quality and operational efficiency [5] Company Overview - Civinity is a major urban lifestyle company in the Baltics and the UK, comprising over 30 companies and employing more than 1,600 people [6] - In 2024, Civinity reported revenues of €88.5 million and Pro Forma EBITDA of €7.4 million [6]
Civinity repurchased part of its private bond issue from INVL Bridge Finance ahead of schedule
Globenewswire· 2025-08-25 13:59
Civinity has exercised its early redemption right and repurchased €3.69 millions of its private bond issue from INVL Bridge Finance ahead of schedule. The bonds, issued in June 2025, carried a zero coupon and had a 22-month maturity. Following the partial redemption, the private debt fund INVL Bridge Finance, managed by INVL Asset Management (part of the Invalda INVL group), will remain a bondholder of Civinity, with bonds totalling €4.48 million in nominal value. The partial redemption was financed with a ...