2015-04-08 07:52:29 CEST

2015-04-08 07:53:34 CEST


REGULATED INFORMATION

Lithuanian English
Invalda LT - Notification on material event

Audited results of Invalda LT, AB group for the period for 2014 


Vilnius, Lithuania, 2015-04-08 07:52 CEST (GLOBE NEWSWIRE) -- Audited results
of Invalda LT, AB group for the period for 2014: 
- consolidated net profit attributable to shareholders of Invalda LT, AB
totalled to EUR 4.0 million (LTL 13.9 million). In the same period of 2013 it
was EUR 31.1 million (LTL 107.3 million); 
- total consolidated net profit amounted to EUR 4.0 million (LTL 13.8 million).
In the same period of 2013 it was EUR 31.4 million (LTL 108.5 million). 

The net profit of Invalda LT, AB for 2014 amounted to EUR 20.5 million (LTL
70.8 million). In the same period of 2013 the profit of the company amounted to
EUR 23.5 million (LTL 81 million). 

The net profit of the group is 29.8 percent bigger than the last announced
unaudited result of 12 months 2014. The main factors influenced the profit
growth were increase in investments in the facility management company Inservis
(including loans granted) from EUR 3.125 million to EUR 3.952 million, after
specifications made in the compatible multiplier, also, change of the
investment value to Litagra (including loans granted) from EUR 14.568 million
to EUR 14.909 million. 

Additional information:

Invalda LT,  one of the largest investment and asset management companies in
Lithuania, is going to change its corporate name to Invalda INVL. "We are in asset management business since 1991 and this business is strategic
for Invalda LT. We intend to use INVL brand name in further development of
asset management business, therefore we propose corporate name change of the
parent company”, - said Darius Šulnis, president of Invalda LT. 

According to him, brand name INVL is also used by companies holding specialized
assets, which were spun-off from Invalda LT - INVL Baltic Real Estate, INVL
Baltic Farmland and INVL Technology. 

The resolution regarding the change of the corporate name of the company is
included into the agenda of the shareholders meeting of Invalda LT to be held
on 30 April. 

Board of Invalda LT also proposes for shareholders to authorize a buy-back of
up to 10 per cent of own shares. Minimum buy-back price of one share is 3 euro
and the maximum price should not exceed book value per share before the
initiation of the buy-back. Decision should be valid for 18 months. "We would like to have a possibility to initiate buy-backs by the board's
decision. Buy-backs could be executed to eliminate discount from book value or
to pay free cash back to shareholders”, - said D. Šulnis. 

Shareholders are also asked to confirm the audited results for 2014. At the end
of 2014 net asset value of Invalda LT amounted to EUR 44.5 million, or 3.75
euros per share. During 2014 Invalda LT earned EUR 20.5 million of net profit. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5 279 0601
         Email: darius@invaldalt.com