INVL Baltic Real Estate - Notification on material event

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

Vilnius, Lithuania, 2015-08-10 07:35 CEST (GLOBE NEWSWIRE) -- The resolutions
of the General Shareholders Meeting of INVL Baltic Real Estate, AB that was
held on 10 August 2015: 

1)    Regarding the reorganization of public joint-stock company INVL Baltic
Real Estate. 
In accordance with paragraph 3 of Article 2.97 of the Civil Code of the
Republic of Lithuania, to reorganize public joint-stock company INVL Baltic
Real Estate in the manner of joining, merging the company into public
joint-stock company Invaldos Nekilnojamojo Turto Fondas (code 152105644), which
after the reorganization becomes successor to all rights and obligations of the
public joint-stock company INVL Baltic Real Estate, including the name, and
continues its operations under a new name as a public joint-stock company INVL
Baltic Real Estate. 

2)    Regarding the approval of the Terms of Reorganization of public
joint-stock company INVL Baltic Real Estate. 
To approve the Terms of Reorganization of public joint-stock company INVL
Baltic Real Estate and public joint-stock company Invaldos Nekilnojamojo Turto
Fondas of 30 June, 2015(on 30 June, 2015 it was published about preparation of
the Terms of Reorganization of public joint-stock company INVL Baltic Real
Estate and public joint-stock company Invaldos Nekilnojamojo Turto Fondas, on 1
July, 2015 the Manager of the Register of Legal Entities published about
received Terms of Reorganization). 

3)    Regarding the approval of the New Wording of the company resulting from
the reorganisation Articles of Association. 
To approve the Articles of Association (attached hereby) of the public
joint-stock company Invaldos Nekilnojamojo Turto Fondas which after the
reorganization continues its operations under the new name - public joint-stock
company INVL Baltic Real Estate. 

To authorise Andrius Daukšas to sign the Articles of Association of the public
joint-stock company Invaldos Nekilnojamojo Turto Fondas which after the
reorganization continues its operations under the new name - public joint-stock
company INVL Baltic Real Estate. 

4)    Regarding the formation of audit comittee of the company resulting from
the reorganization, the approval of audit comittee formation and rules of
activity, the election of members and the setting of remuneration for the
independent member of audit comittee. 
Considering that the Company‘s resulting in the reorganization securities will
be traded on a regulated market operating in the Republic of Lithuania, to
approve the decision of shareholder of the company resulting in the
reorganization: 

4.1. to form the audit comittee in the company resulting from the
reorganization of two members; 
4.2. to approve  the rules of audit comittee of the company resulting from the
reorganization fomation and activity (attached hereby); 
4.3. to elect Danutė Kadanaitė and Tomas Bubinas (independent member of audit
comittee) as the members of audit comittee of the company resulting from
reorganization; 
4.4. to set the remuneration of work in audit comittee for the independent
member of audit comittee not more than EUR 145 for an hour. To authorise the
board of the company resulting from the reorganization to set the procedure of
paying the remuneration for the independent member of audit comittee. 

5)    Regarding the set of annual financial statements of the company resulting
from the reorganization for the carrying out of the audit and the setting of
conditions for payment for audit services. 
To approve the decision of shareholder of the company resulting in the
reorganization to enter into contract with private limited liability company
PricewaterhouseCoopers (code 111473315) for carrying out the audit of 2015,
2016 and 2017 set of annual financial statments, setting 10 550 EUR
remuneration for each year of the set of annual financial statements audit
(value-added tax is calculated and paid additionally according the procedures
laid down in legal acts).  To authorise the manager of the company resulting
from the reorganization to reconcile other conditions (including remuneration
of additional services) of contract of audit services. 

6)    Regarding the registered office address of the company resulting from the
reorganization. 
To approve the decision of shareholder of the company resulting in the
reorganization to change the registered office address and to register the
office at municipality of Vilnius, Vilnius city, Šeimyniškių str. 1A. 

7)    Regarding the removal of the board of the company resulting from the
reorganization and the election of the new board. 
To approve the decision of shareholder of the company resulting in the
reorganization to remove the board of the company in corpore and to elect
Alvydas Banys, Andrius Daukšas and Indrė Mišeikytė as the members of the new
board. 


         The person authorized to provide additional information:
         Andrius Daukšas
         Director
         E-mail:andrius@InvaldaLT.com

Attachments:

INVL Baltic Real Estate_Articles of Association.pdf

INVL Baltic Real Estate_Audit Committee Regulations.pdf