2011-04-29 10:48:30 CEST

2011-04-29 10:49:45 CEST


REGULATED INFORMATION

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Invalda AB - Notification on material event

Resolutions of the General Shareholders Meeting of Invalda AB 


Vilnius, Lithuania, 2011-04-29 10:48 CEST (GLOBE NEWSWIRE) -- The resolutions
of the Ordinary General Shareholders meeting that was held on 29 April, 2011: 

1. Got acquainted with the Auditor‘s report and the report of the Audit
Committee. 

2. Got acquainted with the Company‘s consolidated annual report for 2010.

3. The Company's and consolidated financial statements for 2010 approved.

4. The following distribution of the Company's profit (loss) of 2010 was
approved: 
1) Retained earnings (loss) at the end of the last financial year:  0 LTL (0
EUR); 
2) Net profit (loss) for the financial year: -10 471 004 LTL (-3 032 612 EUR)
3) Profit (loss) not recognized in the income statement of the reporting
financial year: 0 LTL (0 EUR); 
4) Transfers from reserves: 10 471 004 LTL (3 032 612 EUR)
   - from the reserves for own shares acquisition: 0 LTL (0 EUR);
   - from the legal reserves: 0 LTL (0 EUR);
   - from the share premium: 10 471 004 LTL (3 032 612 EUR)
5) Shareholders contributions to cover loss: 0 LTL (0 EUR);
6) Distributable profit (loss) in total: 0 LTL (0 EUR);
7) Profit transfers to the legal reserves: 0 LTL (0 EUR);
8) Profit transfers to the reserves for own shares acquisition: 0 LTL (0 EUR);
9) Profit transfers to other reserves: 0 LTL (0 EUR);
10) Profit to be paid as dividends: 0 LTL (0 EUR);
11) Profit to be paid as annual payments (bonus) to Management Board members,
employees and for other purposes: 0 LTL (0 EUR); 
12) Retained earnings (loss) at the end of the financial year carried forward
to the next financial year: 0 LTL (0 EUR). 

5. Mr. Vaidas Savukynas elected as independent Audit Committee member of
Invalda AB until the term of office of the Audit Committee. 

6. New wording of the regulations of the formation and activity of the Audit
Committee of Invalda AB was approved. 

7. For a work in the Audit Committee of Invalda a rate not higher than 500
Litas per hour is set. The Board of the Company should determine the
remuneration payment procedure for the Audit Committee members. 


         Kristina Gudauskaite
         Assistant to president
         Tel. + 370 5 275 2776