INVL Technology - Notification on material event

Resolutions of the Shareholders Meeting of INVL Technology, AB

Vilnius, Lithuania, 2016-04-29 08:34 CEST (GLOBE NEWSWIRE) -- The resolutions
of the General Shareholders Meeting of INVL Technology, AB that was held on 29
April 2016: 

1. Presentation of the public joint-stock company INVL Technology annual report.

Shareholders of the public joint-stock company INVL Technology are presented
with the annual report of INVL Technology (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 INVL Technology. 

Shareholders of the public joint-stock company INVL Technology are presented
with the independent auditor's report on the financial statements of INVL
Technology (There is no voting on this issue of agenda). 

3. On the approval of the company’s financial statements for 2015 of the public
joint-stock company INVL Technology. 

To approve the Company‘s financial statements for 2015 of the public
joint-stock company INVL Technology (enclosed). 

4. Regarding the distribution of the public joint-stock company INVL Technology
profit for 2015. 

To distribute the profit of the public joint-stock company INVL Technology as
follows: 

                            Line item                                   (EUR    
                                                                     thousand)  
--------------------------------------------------------------------------------
Retained earnings (loss) at the beginning of the reporting period          6,846
--------------------------------------------------------------------------------
Impact of merger and transfers to reserves                               (6,893)
--------------------------------------------------------------------------------
Retained earnings (loss) after impact of merger and transfers to            (47)
 reserves                                                                       
--------------------------------------------------------------------------------
Net profit (loss) for the reporting period                                 2,514
--------------------------------------------------------------------------------
Profit (loss) not recognized in the income statement of the                    -
 reporting period                                                               
--------------------------------------------------------------------------------
Shareholders contributions to cover loss                                       -
--------------------------------------------------------------------------------
Distributable profit (loss) at the end of the reporting period             2,467
--------------------------------------------------------------------------------
Transfers from reserves                                                        -
--------------------------------------------------------------------------------
Distributable profit (loss) in total                                       2,467
--------------------------------------------------------------------------------
Profit distribution:                                                            
--------------------------------------------------------------------------------
- transfers to the legal reserves                                          (177)
--------------------------------------------------------------------------------
- to the reserves for acquisition of treasury shares (own shares)              -
--------------------------------------------------------------------------------
- to other reserves                                                            -
--------------------------------------------------------------------------------
- dividends                                                                    -
--------------------------------------------------------------------------------
- annual payments for the Board, bonus and for other purposes                  -
--------------------------------------------------------------------------------
Retained earnings (loss) at the end of the reporting period                2,290
--------------------------------------------------------------------------------

5. Approval of a new wording of the Articles of Association of special
closed-ended type private capital investment company INVL Technology. 

To change the Articles of Association of special closed-ended type private
capital investment company INVL Technology that was approved by the decision of
the extraordinary general shareholders of the public joint-stock company INVL
Technology meeting held on 7 March 2016 and to approve a new wording of the
Articles of Association of special closed-ended type private capital investment
company INVL Technology prepared by the Management Board of the public
joint-stock company INVL Technology, by replacing the text of the Articles of
Association in full (enclosed). 

To authorise (with the power to delegate) Kazimieras Tonkūnas, Director of the
public joint-stock company INVL Technology to sign the Articles of Association
of special closed-ended type private capital investment company INVL
Technology. 

6. Approval of a new wording of the Management Agreement of special
closed-ended type private capital investment company INVL Technology with the
management company UAB INVL Asset Management (legal entity code: 126263073,
address of the registered office: Gynėjų g. 14, Vilnius, Republic of
Lithuania). 

To change the Management Agreement of special closed-ended type private capital
investment company INVL Technology with the management company UAB INVL Asset
Management (legal entity code: 126263073, address of the registered office:
Gynėjų g. 14, Vilnius, Republic of Lithuania) that was approved by the decision
of the extraordinary general shareholders of the public joint-stock company
INVL Technology meeting held on 7 March 2016 and to approve a new wording of
the Management Agreement of special closed-ended type private capital
investment company INVL Technology with the management company UAB INVL Asset
Management, prepared by the Management Board of the public joint-stock company
INVL Technology, by replacing the text of the Management Agreement in full
(enclosed). 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         Director
         E-mail: K.Tonkunas@invltechnology.lt

Attachments:

INVL Technology Annual Report 2015.pdf

Draft Articles of Association INVL Technology_approved.pdf

Draft Management Agreement INVL Technology_approved.pdf