Invalda AB - Notification on material event

Draft resolutions of the General Shareholders Meeting of the public joint – stock company Invalda LT

Vilnius, Lithuania, 2013-08-08 17:27 CEST (GLOBE NEWSWIRE) -- The Board of
Invalda LT, AB approved the draft resolutions of the General Shareholders
Meeting to be held on August 30, 2013: 

1. On the removal of Audit Committee members of Invalda LT, AB and the election
of new members. 

Draft resolution:

Remove the Audit Committee of Invalda LT, AB in corpore.

The Board decision on the proposed candidates of the Audit Committee of Invalda
LT, AB shall be adopted and published till August 16, 2013. 

2. On the acquisition of own shares of Invalda LT, AB.

Draft resolution:

Invalda LT, AB has formed the reserve for the acquisition of own shares which
is equal to 92.5 million litas (26.8 million euro). 

In order to implement the will of shareholders, expressed while voting for
formation of reserve for own shares, and in order to provide the shareholders
the opportunity to sell shares, to delegate the Board to adopt decisions, on
the basis of conditions set out below, regarding acquisition of shares of
Invalda LT, AB through the market of the official offer of NASDAQ OMX Vilnius
in accordance with procedures laid down in the legal acts regulating this
market. 

The maximum number of shares to be acquired - the nominal value of own shares
may not exceed 1/10 of share capital. 

The period during which the company may acquire its own shares - 12 months from
the day of this resolution. 

The maximum one share acquisition price - 3.50 euro (12.08 litas), minimum one
share acquisition price - 2.50 euro (8.63 litas). 

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 the own shares, 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 acquisition of own shares. 


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