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Regarding approval of dividend allocation of INVL Baltic Farmland for the year 2024
Globenewswire· 2025-04-14 06:39
Core Points - The Company approved a dividend of EUR 0.12 per share for the year 2024, totaling EUR 387 thousand in dividends [1][4] - The dividend payment policy targets a minimum of EUR 0.10 per share, which has been met this year [5] - The Company achieved a net profit of EUR 1.836 million and consolidated revenue of EUR 835,000 in 2024, with a 9.5% increase in land value to EUR 22.736 million [6] Dividend Payment Details - Dividends will be paid out within one month from the General Shareholders Meeting [2] - Shareholders as of 29 April 2025 are entitled to receive dividends [2] - The ex-date for the shares is 28 April 2025, after which new owners will not receive dividends for 2024 [3] Share Buyback Information - The Company obtained consent to use a EUR 3.08 million reserve for share buybacks, with a maximum purchase price based on the most recent equity per share [7] - The maximum buyback amount is limited to 10% of the share capital, and the minimum purchase price is EUR 3.50 [7] - The buyback period is set for 18 months from the shareholders' meeting decision [7] Company Overview - INVL Baltic Farmland is listed on the Nasdaq Vilnius stock exchange and owns approximately 3,000 hectares of agricultural land in Lithuania [8]