Agriculture, Investments, Lithuania, Markets and Companies, Real Estate

Currently having around 3,000 hectares under management through subsidiaries, INVL Baltic Farmland started its activities in the end of April, 2014 after a split-off from Invalda LT. Due to this fact, income and profit announced represent only 8 months of activity. The result is EUR 90,700 (LTL 313,000) of net profit.

"By limiting the opportunities for farmers to acquire more than 500 hectares of their own agricultural land, demand for leased farmland has increased in Lithuania – this will be reflected in the results of 2015", – Darius Sulnis, director of INVL Baltic Farmland, said.

The Board of INVL Baltic Farmland, AB taking into account that INVL Baltic Farmland's share price on NASDAQ OMX Vilnius stock exchange is more than 5% lower than the equity value per one share, initiated an buy-back of own ordinary registered shares from 29 January until 26 February. INVL Baltic Farmland will offer to buy-back 0.5% of own shares for the amount of EUR 2.86 per share. The total amount of EUR 47,100 can be paid for the share buy-back.