INVL Baltic Farmland - Notification on material event

Convocation of the Shareholders Meeting of INVL Baltic Farmland and draft resolutions

Vilnius, Lithuania, 2015-10-06 08:44 CEST (GLOBE NEWSWIRE) -- On the initiative
and decision of the Management Board of INVL Baltic Farmland the General
Shareholders Meeting of INVL Baltic Farmland, AB (identification code
303299781, the registered address Seimyniskiu str. 1A Vilnius, Lithuania) is to
be held on 28 October 2015 at 8:45 a.m. in the office of Gyneju str. 14,
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 (21 October 2015) are
entitled to participate and to vote at the General Shareholders meeting. 

The agenda of the General Shareholders Meeting of the public joint stock
company INVL Baltic Farmland includes: 

1.      Regarding election of auditor to carry out of the audit of the annual
financial statements and setting conditions of payment for audit services. 
2.      Regarding the registered office address of the public joint stock
company INVL Baltic Farmland 
3.      Regarding purchase of own shares of the public joint stock company INVL
Baltic Farmland 

Draft resolutions of the General Shareholders meeting of the public joint stock
company INVL Baltic Farmland: 

1.Regarding election of auditor to carry out of the audit of the annual
financial statements and setting conditions of payment for audit services. 
To conclude an agreement with UAB PricewaterhouseCoopers (code - 111473315) to
carry out of the audit of the annual financial statements of the public joint
stock company INVL Baltic Farmland for 2015, 2016 and 2017 financial years and
establish the payment in amount of EUR 6,000 for audit of annual financial
statements of each calendar year (VAT will be calculated and payed additionally
in accordance with order established in legal acts). 
To authorize the Company's Manager to set other terms of audit services
agreement (including payment for additional services). 

2.Regarding the registered office address of the public joint stock company
INVL Baltic Farmland 
To change the registered office address of the public joint stock company INVL
Baltic Farmland and to register the office at municipality of Vilnius, Vilnius
city, Gynėjų str. 14. 

3.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, the minimal one share acquisition price - EUR
2.87. 
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. 

The Board of the public joint stock company INVL Baltic Farmland 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 Baltic Farmland (Seimyniskiu str. 1A, Vilnius, 6 floor)
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 to shareholders 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 to
shareholders 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 Baltic Farmland, AB by registered mail (address Seimyniskiu
str. 1A, LT09312 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.invlbalticfarmland.lt. 


         The person authorized to provide additional information:
         Eglė Surplienė
         Director
         Phone +370 5279 0601
         E-mail: egle.surpliene@invaldalt.com

Attachments:

General Voting Bulletin_INVL Baltic Farmland.pdf