INVL Baltic Farmland - Notification on material event

Resolutions of the Shareholders Meeting of INVL Baltic Farmland, AB

Vilnius, Lithuania, 2015-10-28 07:52 CET (GLOBE NEWSWIRE) -- The resolutions of
the General Shareholders Meeting of INVL Baltic Farmland, AB that was held on
28 October 2015: 

1.Regarding election of auditor to carry out of the audit of the annual
financial statements and setting conditions of payment for audit services. 
To conclude an agreement with UAB PricewaterhouseCoopers (code - 111473315) to
carry out of the audit of the annual financial statements of the public joint
stock company INVL Baltic Farmland for 2015, 2016 and 2017 financial years and
establish the payment in amount of EUR 6,000 for audit of annual financial
statements of each calendar year (VAT will be calculated and payed additionally
in accordance with order established in legal acts). 
To authorize the Company's Manager to set other terms of audit services
agreement (including payment for additional services). 

2.Regarding the registered office address of the public joint stock company
INVL Baltic Farmland 
To change the registered office address of the public joint stock company INVL
Baltic Farmland and to register the office at municipality of Vilnius, Vilnius
city, Gynėjų str. 14. 

3.Regarding purchase of own shares of the public joint stock company INVL
Baltic Farmland 
Until the day of the General Shareholders meeting the reserve for the purchase
of own shares which is equal to EUR 3,079,668.66 is not used. 
To use the reserve (or the part of it) for the purchase of own shares and to
purchase shares in the public joint stock company INVL Baltic Farmland by the
rules mentioned below: 

1.    The goal for the purchase of own shares -  to ensure for shareholders a
possibility to sell company's shares. 
2.    The maximum number of shares to be acquired - the nominal value of own
shares by the public joint stock company INVL Baltic Farmland, which may not
exceed 1/10 of share. 
3.    The period during which the public joint stock company INVL Baltic
Farmland may purchase its own shares 18 months from the day of this resolution. 
4.    The maximum and minimal one share acquisition price:  the maximum one
share acquisition price- EUR 4, the minimal one share acquisition price - EUR
2.87. 
5.    The conditions of the selling of the purchased shares and minimal
purchase price: the acquired own shares may be annulled by the decision of the
General Shareholders Meeting or sold by the decision of the Board on condition
the minimum price of sale of own shares shall be equal to the price at which
they were acquired and the procedure of selling the shares shall ensure equal
opportunities for all shareholders to acquire the said shares. 

The Board of the public joint stock company INVL Baltic Farmland is delegated
on the basis of this resolution and the Law on companies of the Republic of
Lithuania to organize purchase and sale of own shares, to organize purchase and
selling procedure own shares and to determine an order and timing for purchase
and sale of own shares as well as the amount of shares and shares price, and to
complete all other actions related with purchase and sale procedure of own
shares. 


         The person authorized to provide additional information:
         Eglė Surplienė
         Director
         Phone +370 5279 0601
         E-mail: egle.surpliene@invaldalt.com