INVL Baltic Real Estate - Notification on material event

Resolutions of the Shareholders Meeting of INVL Baltic Real Estate, AB

Vilnius, Lithuania, 2016-04-27 08:43 CEST (GLOBE NEWSWIRE) -- The resolutions
of the General Shareholders Meeting of INVL Baltic Real Estate, AB that was
held on 27 April 2016: 

1. Presentation of the public joint-stock company INVL Baltic Real Estate
consolidated annual report. 
Shareholders of the public joint-stock company INVL Baltic Real Estate are
presented with the consolidated annual report of INVL Baltic Real Estate (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 Real Estate. 
Shareholders of the public joint-stock company INVL Baltic Real Estate are
presented with the independent auditor's report on the financial statements of
INVL Baltic Real Estate and audit's committee report for 2015 (There is no
voting on this issue of agenda). 

3. On the approval of the consolidated and stand-alone financial statements for
2015 of the public joint-stock company INVL Baltic Real Estate. 
To approve the consolidated and companies financial statements for 2015 of the
public joint-stock company INVL Baltic Real Estate. 

4. Regarding the distribution of the public joint-stock company INVL Baltic
Real Estate profit. 
To distribute the profit of the public joint-stock company INVL Baltic Real
Estate  as follows: 

                               Article                                 (thousand
                                                                          EUR)  
Retained earnings (loss) at the beginning of the financial year of         1,258
 the reporting period                                                           
Net profit (loss) for the financial year                                   3,282
Profit (loss) not recognized in the income statement of the reporting        333
 financial year –  impact of reorganization                                     
Shareholders contributions to cover loss                                       -
Distributable profit (loss) at the end of the financial year of the        4,873
 reporting period                                                               
Transfers from reserves                                                        -
Distributable profit (loss) in total                                       4,873
Profit distribution:                                                       3,782
- Profit transfers to the legal reserves                                     165
-Profit transfers to the reserves for own shares acquisition               2,828
- Profit transfers to other reserves                                           -
- Profit to be paid as dividends                                             789
- Profit to be paid as annual payments (bonus) and for other purposes          -
Retained earnings (loss) at the end of the financial year                  1,091

   *0.012 EUR is paid for one share

Regarding allocation of the dividends for the shareholders:

Persons, who will be shareholders of INVL Baltic Real Estate at the end of 11
May 2016, the tenth day after the general shareholders meeting to approve the
resolution to allocate part of company's profit for the payment of dividends,
are entitled to receive dividends. 

5. Regarding the change of the public joint-stock company INVL Baltic Real
Estate share capital and par value of its shares. 
A reserve for purchase of own shares, which is equal to EUR 2,828, is formed in
INVL Baltic Real Estate. 

Seeking to ensure for shareholders a possibility to sell company’s shares, to
delegate the Board to adopt decisions, on the basis of conditions set out
below, on purchase of own shares of INVL Baltic Real Estate through the market
of official offer of NASDAQ Vilnius, in accordance with the market rules. 
Max number of shares to be acquired – the total nominal value of own shares
acquired during the whole period may not exceed 1/10 of share capital. 
The period during which the company may acquire its own shares - 18 months from
the day of this resolution. 
The maximum one share acquisition price – value of consolidated equity per one
share calculated according to the last financial statement of INVL Baltic Real
Estate, which was announced before the decision of the Board, minimum one share
acquisition price – EUR 0.30. 
Purchased own shares may be cancelled by the decision of the General
Shareholders Meeting or sold by the decision of the Board upon the condition
that minimum sale price for one share isn’t lower than value of consolidated
equity per one share calculated according to the last financial statement of
INVL Baltic Real Estate, which was announced before the decision of the Board,
and the sale procedure will ensure equal possibilities for all shareholders to
purchase these shares. 
The Board of INVL Baltic Real Estate, in accordance with this resolution and
the requirements of the Company Law of the Republic of Lithuania, is delegated
to organize purchase and sale of own shares, to determine order, time, amount
and price of acquired and purchased shares. 


         The person authorized to provide additional information:
         Egidijus Damulis
         Director
         E-mail: egidijus.damulis@invl.com

Attachments:

AB INVL Baltic Real Estate annual information 2015.pdf

Audit Committee report_2015.pdf