INVL Baltic Farmland - General meeting of shareholders

Resolutions of the Shareholders Meeting of INVL Baltic Farmland, AB

Vilnius, Lithuania, 2017-03-22 08:43 CET (GLOBE NEWSWIRE) -- The resolutions of
the General Shareholders Meeting of INVL Baltic Farmland, AB that was held on
22 March 2017: 

1. Presentation of the public joint-stock company INVL Baltic Farmland
consolidated annual report. 

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

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

3. On the approval of the consolidated and stand-alone financial statements for
2016 of the public joint-stock company INVL Baltic Farmland. 

To approve the consolidated and companies financial statements for 2016 of the
public joint-stock company INVL Baltic Farmland. 

4. Regarding the distribution of the public joint-stock company INVL Baltic
Farmland profit. 

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

                              Article                                 (thousand 
                                                                        EUR)    
--------------------------------------------------------------------------------
Retained earnings (loss) at the beginning of the financial year of      4,800   
 the reporting period                                                           
--------------------------------------------------------------------------------
Net profit (loss) for the financial year                                1,193   
--------------------------------------------------------------------------------
Profit (loss) not recognized in the income statement of the               -     
 reporting financial year                                                       
--------------------------------------------------------------------------------
Shareholders contributions to cover loss                                  -     
--------------------------------------------------------------------------------
Distributable profit (loss) at the end of the financial year of the     5,993   
 reporting period                                                               
--------------------------------------------------------------------------------
Transfers from reserves                                                   -     
--------------------------------------------------------------------------------
Distributable profit (loss) in total                                    5,993   
--------------------------------------------------------------------------------
Profit distribution:                                                    (226)   
--------------------------------------------------------------------------------
- Profit transfers to the legal reserves                                  -     
--------------------------------------------------------------------------------
-Profit transfers to the reserves for own shares acquisition              -     
--------------------------------------------------------------------------------
- Profit transfers to other reserves                                      -     
--------------------------------------------------------------------------------
- Profit to be paid as dividends*                                       (226)   
--------------------------------------------------------------------------------
- Profit to be paid as annual payments (bonus) and for other              -     
 purposes                                                                       
--------------------------------------------------------------------------------
Retained earnings (loss) at the end of the financial year               5,767   
--------------------------------------------------------------------------------

*0.07 EUR is paid for one share

5. Regarding purchase of own shares of the public joint stock company INVL
Baltic Farmland. 

Until the day of the General Shareholders meeting the reserve for the purchase
of own shares which is equal to EUR 3,079,668.66 is not used. 
To use the reserve (or the part of it) for the purchase of own shares and to
purchase shares in the public joint stock company INVL Baltic Farmland by the
rules mentioned below: 

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 by the public joint stock company INVL Baltic Farmland, which may not
exceed 1/10 of share. 

3)    The period during which the public joint stock company INVL Baltic
Farmland 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- EUR 4.5, the minimal one share acquisition price - EUR
3.16. 

5)    The conditions of the selling of the purchased shares and minimal
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. 

6. Approval of the regulations of the Audit Committee.

To approve the regulations of the Audit Committee of INVL Baltic Farmland, AB
(enclosed). 

7. Regarding election of the Audit Committee members.

To cancel Danutė Kadanaitė and Thomas Bubinas from AB INVL Baltic Farmland
audit committee members. To elect Danguolė Pranckėnienė (independent member)
and Tomas Bubinas (independent member) to the Audit Committee of INVL Baltic
Farmland, AB for the 4 (four) years term of office. 

8. Regarding approval of the remuneration for the Audit Committee members.
For a work in the Audit Committee of INVL Baltic Farmland, AB, to set a rate
not higher than EUR 145 per hour. To delegate to the Board of the Company to
determine the remuneration payment procedure for the Audit Committee members. 

Regarding the dividend payment for the shareholders:

Persons, who will be shareholders of  INVL Baltic Farmland at the end of 5
April 2017, the tenth day after the general shareholders meeting to approve the
resolution to allocate part of companys profit for the payment of dividends,
are entitled to receive dividends. 


         The person authorized to provide additional information:
         Egle Surpliene
         Director
         E-mail: egle.surpliene@invaldalt.com

Priedai:

Audit committee members.pdf

AB INVL Baltic Farmland Annual audited information 2016.pdf

INVL Baltic Farmland audit committee activity report 2016.pdf

INVL Baltic Farmland Regulations of audit committee.pdf