INVL Technology - Notification on material event

The powers of the management of INVL Technology have terminated

Vilnius, Lithuania, 2016-05-17 15:19 CEST (GLOBE NEWSWIRE) -- The powers of CEO
and the Management Board of INVL Technology have terminated on 17 May 2016 due
to the registration of the Articles of Association of a special closed-end type
private capital investment company INVL Technology. 

The management of INVL Technology will be assumed by the management company
INVL Asset Management as soon as the Bank of Lithuania issues the closed-end
type investment company license. Kazimieras Tonkunas, former CEO and Chairman
of the Board will join the team of INVL Asset Management. The former board
members who jointly held 33.39 per cent of votes will now be considered to be
acting separately. 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         CEO of INVL Technology AB
         E-mail K.Tonkunas@invltechnology.lt