Invalda LT - Notification on material event

Resolutions of the Shareholders Meeting of Invalda LT, AB

Vilnius, Lithuania, 2015-04-30 07:57 CEST (GLOBE NEWSWIRE) -- The resolutions
of the General Shareholders Meeting of Invalda LT, AB that was held on 30 April
2015: 

1.Presentation of the public joint-stock company Invalda LT consolidated annual
report for 2014. 
Shareholders of the public joint-stock company Invalda LT are presented with
the consolidated annual report of Invalda LT for 2014 (There is no voting on
this issue of agenda). 

2. Presentation of the independent auditor's report on the financial statements
of the public joint-stock company Invalda LT for 2014. 
Shareholders of the public joint-stock company Invalda LT are presented with
the independent auditor's report on the financial statements of Invalda LT for
2014 and with audit's committee report (There is no voting on this issue of
agenda). 

3. On the approval of the consolidated and stand-alone financial statements for
2014 of the public joint-stock company Invalda LT. 
To approve the consolidated and companies financial statements for 2014 of the
public joint-stock company Invalda LT. 


4. Regarding the distribution of the public joint-stock company Invalda LT
profit for 2014. 
To distribute the profit of the public joint-stock company Invalda LT for 2014
as follows: 

                           Article                             (thousan  (thousa
                                                                d LTL)   nd EUR)
Retained earnings (loss) at the beginning of the financial       27,138    7,860
 year of the reporting period                                                   
Net profit (loss) for the financial year                         70,775   20,497
Profit (loss) not recognized in the income statement of the    (13,267)  (3,842)
 reporting financial year - retained earnings transferred                       
 during the split-off                                                           
Transfers from reserves                                               0        0
from reserve to purchase of own shares                                0        0
from legal reserve                                                    0        0
from share premium                                                    0        0
Shareholders contribution to cover loss (if all or part of            0        0
 loss is covered by the shareholders)                                           
Distributable profit (loss) in total                             84,646   24,515
- Profit transfers to the legal reserves                              0        0
- Profit transfers to the reserves for own shares acquisition         0        0
- Profit transfers to other reserves                                  0        0
- Profit to be paid as dividends                                      0        0
- Profit to be paid as annual payments (bonus) and for other          0        0
 purposes                                                                       
Retained earnings (loss) at the end of the financial year        84,646   24,515
 carried forward to the next financial year                                     


5. Regarding the change of the corporate name of public joint-stock company
Invalda LT. 
To change the corporate name of the public joint stock company Invalda LT from
the public joint stock company Invalda LT to the public joint stock company
Invalda INVL. To announce about the change of the corporate name according to
the legal acts. 


6. Regarding the change of the public joint-stock company Invalda LT share
capital and par value of its shares. 
According to Republic of Lithuania Law on Euro Adoption, Republic of Lithuania
Law on Redenomination to the Euro of the Capital and of the Nominal Value of
Securities of Public Limited Liability Companies and Private Limited Liability
Companies and Amendment of the Articles of Association of These Companies and
Republic of Lithuania Law on Limited Liability Companies the par value of one
Invalda LT share will be changed from LTL 1 to EUR 0,29 cents and the change
the share capital accordingly from LTL 11,865,993 to EUR 3,441,137.97. 


7. Regarding approval of the New Wording of the public joint-stock company
Invalda LT Articles of Association. 
According to the resolutions of the General Shareholder's Meeting, decided in
the 5th and 6thitems of the agenda and according to the 2000 July 13th Republic
of Lithuania Law on Limited Liability Companies No. VIII-1835 current version
and Republic of Lithuania Law on Redenomination to the Euro of the Capital and
of the Nominal Value of Securities of Public Limited Liability Companies and
Private Limited Liability Companies and Amendment of the Articles of
Association of These Companies and Republic of Lithuania Law, to approve the
new Wording of Invalda LT Articles of Association (attached) by changing all
the text. 
To authorize Darius Sulnis, the president of the public joint-stock company
Invalda LT, to sign new wording of the Articles of Association of the public
joint-stock company Invalda LT. 


8. Regarding purchase of own shares of the public joint-stock company Invalda
LT. 
Invalda LT, AB has formed the reserve for the purchase of own shares which is
equal to EUR 11.1 million. 
To use the reserve for the purchase of own shares and to purchase shares in
Invalda LT: 

1.    The goal for the purchase of own shares -  to ensure for shareholders a
possibility to sell company's shares 
2.    The maximum number of shares to be acquired - the nominal value of own
shares may not exceed 1/10 of share 
3.    The period during which the company may purchase its own shares 18 months
from the day of this resolution. 
4.    The maximum and minimal one share acquisition price:  the maximum one
share acquisition price should not increase the book value per share (equity
capital divided from the amount of shares) calculated on be basis of the last
publicly announced data of the financial statements of Invalda LT, the minimum
share acquisition price - EUR 3. 
5.    The conditions of the selling of the purchased shares and mininal
purchase price: the acquired own shares may be annulled by the decision of the
General Shareholders Meeting or sold by the decision of the Board on condition
the minimum price of sale of own shares shall be equal to the price at which
they were acquired and the procedure of selling the shares shall ensure equal
opportunities for all shareholders to acquire the said shares. 

The Board of Invalda LT, AB is delegated on the basis of this resolution and
the Law on companies of the Republic of Lithuania to organize purchase and sale
of own shares, to organize purchase and selling procedure own shares and to
determine an order and timing for purchase and sale of own shares as well as
the amount of shares and shares price, and to complete all other actions
related with purchase and sale procedure of own shares. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail:Darius@InvaldaLT.com

Bifogade filer:

Invalda LT_annual audited information_2014.pdf

Articles of Association of Invalda LT.pdf

Invalda LT_audit Committee report_2014.pdf