2015-11-17 15:30:03 CET

2015-11-17 15:31:05 CET


REGULATED INFORMATION

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INVL Baltic Real Estate - Notification on material event

“INVALDA INVL” voluntary tender offer for “INVL Baltic Real Estate” shares is approved 


Vilnius, Lithuania, 2015-11-17 15:30 CET (GLOBE NEWSWIRE) -- 
On 16 November, 2015 the Supervision Service of the Bank of Lithuania approved
the circular of the voluntary takeover bid, according to which the offerors,
represented by “Invalda INVL”, AB under the agreement signed on 5 November,
2015, to buy up remaining ordinary registered shares of “INVL Baltic Real
Estate“, AB (code 152105644), which are not owned by the offerors - 3 509 076
ordinary registered shares, 0,29 euro par value each, ISIN code LT0000127151,
amounting to 8,12 per cent of “INVL Baltic Real Estate”, AB issued shares and
granting 8.12 per cent of the voting rights. 

Takeover bid will be deemed valid regardless of whether none ordinary
registered share of “INVL Baltic Real Estate”, AB with a nominal value of 0,29
euro, under the following ISIN code LT0000127151 will be submitted for
bought-up. 

The takeover bid starts during the fourth business day following the
supervisory authority's decision to approve the circular - on 20 November,
2015. The takeover bid implementation period - 14 days (from 20 November, 2015
till 3 December, 2015 (inclusive)). 

The price of non-competitive voluntary takeover bid is 0.35 euro for 1 (one)
ordinary registered „INVL Baltic Real Estate“, AB share with nominal value 0.29
euro per each, for shares will be payed in cash. 

The takeover bid will be implemented on Takeover bid market of NASDAQ OMX
Vilnius, AB through the intermediary bank Finasta, AB. 

The right to sell their shares during the takeover bid have “INVL Baltic Real
Estate”, AB shareholders, who at the General Shareholders Meeting held on 28
October 2015, did not vote or voted “against” the decision to reorganize the
activity of “INVL Baltic Real Estate”, AB to the closed-end investment company
under the Law of the Republic of Lithuania on Collective Investment
Undertakings. 

After reorganization of the activity of „INVL Baltic Real Estate”, AB to the
closed-end investment company under the Law of the Republic of Lithuanian on
Collective Investment Undertakings, shareholders of „INVL Baltic Real Estate”,
AB will become participants of the closed-end investment company under the Law
of the Republic of Lithuanian on Collective Investment Undertakings without an
individual expression of will. 

Before taking the decision whether to sell their shares of “INVL Baltic Real
Estate”, AB during the takeover bid, investors should take into account that
neither the offerors nor “INVL Baltic Real Estate”, AB have not assessed
whether the shares of “INVL Baltic Real Estate”, AB will be suitable for each
shareholder, taking into account each individual shareholders knowledge and
experience in the investment field, if “INVL Baltic Real Estate”, AB will
receive a closed-end investment company license. 

Detailed takeover bid conditions are provided in attached circular.




         Person authorised to provide additional information:
         CEO Andrius Daukšas
         E-mail: andrius@invaldalt.com