INVL Technology - Notification on material event

Resolutions of the Shareholders Meeting of INVL Technology, AB

Vilnius, Lithuania, 2015-02-02 08:43 CET (GLOBE NEWSWIRE) -- The resolutions of
the General Shareholders Meeting of INVL Technology, AB that was held on 2
February 2015: 

1. Regarding approval of the reorganization of the joint stock company INVL
Technology and regarding approval of the terms of reorganization. 
1.1. According to Article 2,97 Part 3 of the Civil Code of the Republic of
Lithuania, to reorganize the public joint-stock company INVL Technology by a
way of merger, merging the company to the public joint-stock company BAIP grupe
(code 300893533), which will take over all the rights and duties, including the
name of INVL Technology and continues to operate under the new name - the
public joint-stock company INVL Technology. 
1.2. To approve the reorganization terms of the public joint - stock company
INVL Technology and the public joint - stock company BAIP grupe (the drawn - up
reorganization terms of the public joint - stock company INVL Technology and
the public joint - stock company BAIP grupe (dated on 23 December 2014) was
publicly announced on 30 December 2014. Register of Legal Entities published
information about received terms of reorganization on 30 December 2014). 

2.Regarding approval of the Articles of Association of the company operating
after the reorganization. 
2.1. To approve the Articles of Association of the public joint-stock company
BAIP grupe (code 300893533), which continues to operate after the
reorganization under the new name INVL Technology (attached). 
2.2. To authorize  Kazimieras Tonkunas to sign the new wording of the Articles
of Association of the public joint-stock company BAIP grupe (code 300893533),
which continues to operate after the reorganization under the new name INVL
Technology. 

3. Regarding formation of the Audit Committee of the company operating after
the reorganization, regarding approval of the regulations of the formation and
activity of the Audit Committee of the company operating after the
reorganization, regarding election of the members of the Audit Committee of the
company operating after the reorganization and regarding approval of the
remuneration for the independent member of the Audit Committee. 
According to the fact that, the securities, of the company operating after the
reorganization, will be traded on a regulated market of the Republic of
Lithuania: 
3.1. To form an Audit Committee combining of two members of the company
operating after the reorganization. 
3.2. To approve the new wording of the regulations of the formation and
activity of the Audit Committee of the company operating after the
reorganization (attached). 
3.3. To elect Danute Kadanaite and Tomas Bubinas (independent member) to the
Audit Committee of the company operating after the reorganization. 
3.4. For a work in the Audit Committee for the independent member to fix a rate
not higher than EUR 145 per hour. To delegate to the Board of the company
operating after the reorganization to determine the remuneration payment
procedure for the independent member of the Audit Committee. 

The approved reorganization terms as well as annexes of the public joint -
stock company INVL Technology and the public joint - stock company BAIP grupe
is provided in the announcement of the material event 24 December 2014. 


         The person authorized to provide additional information:
         Darius Sulnis
         Director
         E-mail:Darius@InvaldaLT.com

Attachments:

The draft Articles of Association of INVL Technology.pdf

INVL Technology_Audit Committee Regulations.pdf