The second supplement to the prospectus of INVL Baltic Real Estate shares’ public offering, continued by Invalda INVL, was approved

Real estate investment company INVL Baltic Real Estate, which is carrying out public offering of shares, published an updated share offering prospectus, approved by the Bank of Lithuania approved today, i.e. 27 August.

The prospectus was updated according to the interim report for the first half of 2018 of INVL Baltic Real Estate, the new valuation reports of real estate property and after the forecast for the year ended 2018 was announced as invalid. Moreover, amendments to certain tax laws of the Republic of Lithuania were passed on 28th June 2018, which may be relevant for certain investors of the company.

"We are pleased with the successful activity of the real estate investment company INVL Baltic Real Estate and we believe in its promising future. In turn, we will continue to purposefully implement the declared intention to distribute part of shares through a public offering, thus enabling other individuals to invest in commercial real estate and increasing the attractiveness and liquidity of the shares of INVL Baltic Real Estate. We have a policy of investing in the Invalda INVL group’s products together with clients, so we intend to retain a 10% equity stake in INVL Baltic Real Estate, " said Darius Šulnis, the president of Invalda INVL.

According to prospectus, the public offering will be carried out in three stages till 13 December of this year. Investors will be offered to acquire up to 22 per cent, or not more than 2.893 million shares of INVL Baltic Real Estate, currently owned by Invalda INVL.

The first public offering period took place from 2 May till 4 July, the second one is carried out from 18 August till 18 September, and the third one takes place from 2 November till 13 December inclusive. The share price during each period of the public offering will be equal to the most recently announced company's net asset value per share.