2015-05-19 08:22:51 CEST

2015-05-19 08:23:55 CEST


REGULATED INFORMATION

Lithuanian English
INVL Technology - Notification on material event

Invalda INVL voluntary tender offer for INVL Technology shares is approved 


Vilnius, Lithuania, 2015-05-19 08:22 CEST (GLOBE NEWSWIRE) -- 
On 18 May, 2015 the Supervision Service of the Bank of Lithuania approved the
circular of the voluntary tender offer by the group of shareholders,
represented by Invalda INVL, AB by the agreement signed on 28 April 2015, to
buy up remaining ordinary registered shares of INVL Technology, AB, which are
not owned by the Offerors. Invalda INVL, AB offers to buy up 414 034 ordinary
registered shares of the INVL Technology, AB (code 300893533),  EUR 0.29 par
value each, ISIN code LT0000128860, amounting to 6.771 per cent of INVL
Technology, AB issued shares and granting the same amount of shares giving the
voting rights. 

Price of the non-competitive voluntary tender offer amounts to EUR 1.61 per
ordinary registered share, settlement for shares - in cash. 

The tender offer starts during the fourth working day following the supervisory
authority's decision to approve the circular on 22 May 2015. The tender offer
implementation period - 14 days (from 22 May 2015 till 4 June, 2015
(inclusive)). 

The tender offer will be implemented on Tender offer market of NASDAQ OMX
Vilnius, AB through the intermediary bank Finasta, AB. 

The right to sell their shares during the tender offer have INVL Technology, AB
shareholders, who at the General Shareholders Meeting held on 10 April 2015,
did not vote or voted “against” the decision to reorganize the activity of INVL
Technology, 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 the INVL Technology, AB to the
closed-end investment company under the Law of the Republic of Lithuanian on
Collective Investment Undertakings, shareholders of INVL Technology, 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 wether to sell their shares of INVL Technology, AB
during the tender offer, investors should take into account that neither the
Offerors or INVL Technology, AB have not assessed whether the shares in INVL
Technology AB will be suitable for the each shareholder , taking into account
each individual shareholders knowledge and experience in the investment field ,
if INVL Technology, AB will receive a closed-end investment company license. 

Detailed tender offer conditions are provided in attached circular (Lithuanian
only). Summary of the tender offer circular is attached as well (Lithuanian
only). Desicion of the  Supervision service of the Bank of Lithuania regarding
approval of the voluntary tender offer circular is attached as well (Lithuanian
only). 


         Person authorised to provide information:
         Director
         Kazimieras Tonkunas
         El.paštas k.tonkunas@invltechnology.lt