INVL Technology - Notification on material event

Reorganization of INVL Technology and BAIP Group has been completed

Vilnius, Lithuania, 2015-02-10 07:00 CET (GLOBE NEWSWIRE) -- Reorganization of
INVL Technology and BAIP Group was completed on 9th of February 2015. INVL
Technology was merged into BAIP Group, AB. 
BAIP Group, AB will take over all the rights and duties including the name of
INVL Technology, and will continue operations under the new name of the public
joint-stock company INVL Technology. The company's shares will be quoted on the
NASDAQ Vilnius Stock Exchange after completion of the actions foreseen in the
legal acts. It is estimated that the trading in companies shares will be
available from March 2015. 
Trading in INVL Technology shares (a company which ceased its activities) was
suspended from 29 January 2015 (inclusively). 
The initial capitalisation of the company operating after the merger reaches
EUR 8.146 million. Recalculated price per share should reach EUR 1.33. 
The authorized capital of INVL Technology is divided into 6 114 714 ordinary
registered shares. The nominal value per share is EUR 0.29. ISIN code -
LT0000128860. 
The Board and manager of INVL Technology, AB has not changed. Kazimieras
Tonkunas, a manager of a company, Gytis Umantas, Alvydas Banys, Vytautas
Plunksnis and Nerijus Drobavicius continue operating as Members of the Board of
the company. 
Main shareholders of INVL Technology, AB are: A. Banys (5 percent) and LJB
Investments, a company related to A. Banys, (20 percent), Irena Ona Mišeikienė
(19 percent), Kazimieras Tonkunas (13.7 percent), Invalda LT (8.2 percent) and
Lucrum Investicija (5 percent). 
The company has more than 3500 shareholders."The future step  is  to apply for closed end investment company licence issued
from the Bank of Lithuania and to raise at least EUR 10 million for the purpose
of investing into other technology companies", - Kazimieras Tonkunas, manager
of INVL Technology, said. 


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