INVL Technology - Notification on material event

Convocation of the Shareholders Meeting of INVL Technology and draft resolutions

Vilnius, Lithuania, 2015-04-08 19:50 CEST (GLOBE NEWSWIRE) -- On the initiative
and decision of the Management Board of INVL Technology the General
Shareholders Meeting of INVL Technology, AB (identification code 300893533, the
registered address Gyneju str. 16, Vilnius, Lithuania) is to be held on 30
April 2015 at 9:00 a.m. in the office of INVL Technology (Gyneju str. 16,
Vilnius, Lithuania). 
Registration of the shareholders will start at 8:00 a.m.
Only the persons who are the shareholders of the Company at the end of the
accounting day of the General Shareholders Meeting (23 April 2015) are entitled
to participate and to vote at the General Shareholders meeting. 

The agenda of the General Shareholders Meeting of INVL Technology, AB includes:

1. Presentation of the public joint-stock company INVL Technology (code
303299817), which ceased its activities on 9 February 2015, after the merger
into BAIP Group AB (code 300893533), which took over the corporate name of the
public joint-stock company INVL Technology and operates in the market) annual
report for 2014. 
2. Presentation of the independent auditor‘s report on the financial statements
of the public joint-stock company INVL Technology (code 303299817), which
ceased its activities on 9 February 2015, after the merger into BAIP Group AB
(code 300893533), which took over the corporate name of the public joint-stock
company INVL Technology and operates in the market) of 2014. 
3. On the approval of the consolidated and stand-alone financial statements for
2014 of the public joint-stock company INVL Technology (code 303299817), which
ceased its activities on 9 February 2015, after the merger into BAIP Group AB
(code 300893533), which took over the corporate name of the public joint-stock
company INVL Technology and operates in the market). 
4. Regarding the distribution of the public joint-stock company INVL Technology
(code 303299817), which ceased its activities on 9 February 2015, after the
merger into BAIP Group AB (code 300893533), which took over the corporate name
of the public joint-stock company INVL Technology and operates in the market)
profit for 2014. 
5. Presentation of BAIP Group AB, which after the merger into the public
joint-stock company INVL Technology (303299817) in 9 February 2015 operates in
the market under the new name the public joint-stock company INVL Technology,
consolidated annual report for 2014. 
6. Presentation of the independent auditor‘s report on the financial statements
of BAIP Group AB, which after the merger into the public joint-stock company
INVL Technology (303299817) in 9 February 2015 operates in the market under the
new name the public joint-stock company INVL Technology for 2014. 
7. On the approval of the consolidated and stand-alone financial statements for
2014 of BAIP Group AB, which after the merger into the public joint-stock
company INVL Technology (303299817) in 9 February 2015 operates in the market
under the new name the public joint-stock company INVL Technology. 
8. Regarding the distribution of BAIP Group AB, which after the merger into the
public joint-stock company INVL Technology (303299817) in 9 February 2015
operates in the market under the new name the public joint-stock company INVL
Technology, profit for 2014. 
9. Regarding purchase of own shares of the public joint stock company INVL
Technology (code 300893533). 



The draft resolutions of the General Shareholders meeting of INVL Technology:

1.    Presentation of the public joint-stock company INVL Technology (code
303299817), which ceased its activities on 9 February 2015, after the merger
into BAIP Group AB (code 300893533), which took over the corporate name of the
public joint-stock company INVL Technology and operates in the market) annual
report for 2014. 
Shareholders of the public joint-stock company INVL Technology (code
303299817), which ceased its activities on 9 February 2015, after the merger
into BAIP Group AB (code 300893533), which took over the corporate name of the
public joint-stock company INVL Technology and operates in the market) are
presented with the annual report of INVL Technology (code 303299817), which
ceased its activities on 9 February 2015, after the merger into BAIP Group AB
(code 300893533), which took over the corporate name of the public joint-stock
company INVL Technology and operates in the market) 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 INVL Technology (code 303299817),
which ceased its activities on 9 February 2015, after the merger into BAIP
Group AB (code 300893533), which took over the corporate name of the public
joint-stock company INVL Technology and operates in the market) for 2014. 
Shareholders of the public joint-stock company INVL Technology (code
303299817), which ceased its activities on 9 February 2015, after the merger
into BAIP Group AB (code 300893533), which took over the corporate name of the
public joint-stock company INVL Technology and operates in the market) are
presented with the independent auditor's report on the financial statements of
INVL Technology (code 303299817), which ceased its activities on 9 February
2015, after the merger into BAIP Group AB (code 300893533), which took over the
corporate name of the public joint-stock company INVL Technology and operates
in the market) for 2014 (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 INVL Technology (code 303299817),
which ceased its activities on 9 February 2015, after the merger into BAIP
Group AB (code 300893533), which took over the corporate name of the public
joint-stock company INVL Technology and operates in the market). 
To approve the consolidated and companies financial statements for 2014 of the
public joint-stock company INVL Technology (code 303299817), which ceased its
activities on 9 February 2015, after the merger into BAIP Group AB (code
300893533), which took over the corporate name of the public joint-stock
company INVL Technology and operates in the market). 

4.    Regarding the distribution of the public joint-stock company INVL
Technology (code 303299817), which ceased its activities on 9 February 2015,
after the merger into BAIP Group AB (code 300893533), which took over the
corporate name of the public joint-stock company INVL Technology and operates
in the market) profit for 2014. 
To distribute the profit of the public joint-stock company INVL Technology 
(code 303299817), which ceased its activities on 9 February 2015, after the
merger into BAIP Group AB (code 300893533), which took over the corporate name
of the public joint-stock company INVL Technology and operates in the market)
for 2014 as follows: 

(attached)

5.    Presentation of BAIP Group AB, which after the merger into the public
joint-stock company INVL Technology (303299817) in 9 February 2015 operates in
the market under the new name the public joint-stock company INVL Technology,
consolidated annual report for 2014. 
Shareholders of BAIP Group AB, which after the merger into the public
joint-stock company INVL Technology (303299817) in 9 February 2015 operates in
the market under the new name the public joint-stock company INVL Technology,
are presented with the  consolidated annual report for 2014 of BAIP Group AB,
which after the merger into the public joint-stock company INVL Technology
(303299817) in 9 February 2015 operates in the market under the new name the
public joint-stock company INVL Technology. (There is no voting on this issue
of agenda) 

6.    Presentation of the independent auditor‘s report on the financial
statements of BAIP Group AB, which after the merger into the public joint-stock
company INVL Technology (303299817) in 9 February 2015 operates in the market
under the new name the public joint-stock company INVL Technology for 2014. 
Shareholders of BAIP Group AB, which after the merger into the public
joint-stock company INVL Technology (303299817) in 9 February 2015 operates in
the market under the new name the public joint-stock company INVL Technology,
are presented with the  independent auditor's report on the financial
statements  for 2014 of BAIP Group AB, which after the merger into the public
joint-stock company INVL Technology (303299817) in 9 February 2015 operates in
the market under the new name the public joint-stock company INVL Technology.
(There is no voting on this issue of agenda) 

7.    On the approval of the consolidated and stand-alone financial statements
for 2014 of BAIP Group AB, which after the merger into the public joint-stock
company INVL Technology (303299817) in 9 February 2015 operates in the market
under the new name the public joint-stock company INVL Technology. 
To approve the consolidated and stand-alone financial statements for 2014 of
BAIP Group AB, which after the merger into the public joint-stock company INVL
Technology (303299817) in 9 February 2015 operates in the market under the new
name the public joint-stock company INVL Technology. 

8.    Regarding the distribution of BAIP Group AB, which after the merger into
the public joint-stock company INVL Technology (303299817) in 9 February 2015
operates in the market under the new name the public joint-stock company INVL
Technology, profit for 2014. 
To distribute the profit of BAIP Group AB, which after the merger into the
public joint-stock company INVL Technology (303299817) in 9 February 2015
operates in the market under the new name the public joint-stock company INVL
Technology for 2014 as follows: 

(attached)

9. Regarding purchase of own shares of the public joint stock company INVL
Technology (code 300893533). 
To use the reserve for the purchase of own shares formed in the resolution in
this shareholders meeting  and to purchase shares in INVL Technology (code
300893533): 

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 of INVL Technology (code 300893533). 
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 INVL Technology (code 300893533),
- EUR 0.637 
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 INVL Technology (code 300893533), 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 documents related to the agenda, draft resolutions on every item of agenda,
documents what have to be submitted to the General Shareholders Meeting and
other information related to realization of shareholders rights are available
at the office of INVL Technology (Gyneju str. 16, Vilnius) during working
hours. 

The shareholders are entitled: (i) to propose to supplement the agenda of the
General Shareholders Meeting submitting draft resolution on every additional
item of agenda or, than there is no need to make a decision - explanation of
the shareholder (this right is granted toshareholders who hold shares carrying
at least 1/20 of all the votes). Proposal to supplement the agenda is submitted
in writing by registered mail or delivered in person against signature. The
agenda is supplemented if the proposal is received no later than 14 before the
General Shareholders Meeting; (ii) to propose draft resolutions on the issues
already included or to be included in the agenda of the General Shareholders
Meeting at any time prior to the date of the General Shareholders meeting (in
writing, by registered mail or delivered in person against signature) or in
writing during the General Shareholders Meeting (this right is granted
toshareholders who hold shares carrying at least 1/20 of all the votes); (iii)
to submit questions to the Company related to the issues of agenda of the
General Shareholders Meeting in advance but no later than 3 business days prior
to the General Shareholders Meeting in writing by registered mail or delivered
in person against signature. 
Shareholder participating at the General Shareholders Meeting and having the
right to vote must submit documents confirming personal identity. Each
shareholder may authorize either a natural or a legal person to participate and
to vote on the shareholder's behalf at the General Shareholders Meeting. The
representative has the same rights as his represented shareholder at the
General Shareholders Meeting. The authorized persons must have documents
confirming their personal identity and power of attorney approved in the manner
specified by law which must be submitted to the Company no later than before
the commencement of registration for the General Shareholders Meeting.
Shareholder is entitled to issue power of attorney by means of electronic
communications for legal or natural persons to participate and to vote on its
behalf at the General Shareholders Meeting. The shareholders must inform the
Company about power of attorney issued by means of electronic communications no
later than before the commencement of registration for the General Shareholders
Meeting. The power of attorney issued by means of electronic communications and
notice about it must be written and submitted to the Company by means of
electronic communications. 
Shareholder or its representative may vote in writing by filling general voting
bulletin, in such a case the requirement to deliver a personal identity
document does not apply. The form of general voting bulletin is presented at
the Company's webpage. If shareholder requests, the Company shall send the
general voting bulletin to the requesting shareholder by registered mail or
shall deliver it in person against signature no later than 10 days prior to the
General Shareholders Meeting free of charge. The filled general voting bulletin
must be signed by the shareholder or its authorized representative. Document
confirming the right to vote must be added to the general voting bulletin if
authorized person is voting. The filled general voting bulletin must be
delivered to INVL Technology, AB by registered mail (address Gyneju str.16,
LT01109 Vilnius, Lithuania) or in person against signature no later than before
the day of the General Shareholders Meeting. 
The Company does not provide opportunities to participate and vote at the
meeting by electronic means. Information related with the convened General
Shareholders Meeting (notice on convocation of General Shareholders Meeting,
information about Company's shares, draft resolution, etc.) are available at
Company's webpage www.invltechnology.lt 


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