Invalda INVL - Notification on material event

Resolutions of the Shareholders Meeting of Invalda INVL, AB

Vilnius, 2016-04-29 15:16 CEST (GLOBE NEWSWIRE) -- The resolutions of the
General Shareholders Meeting of Invalda INVL, AB that was held on 29 April
2016: 

1)     Presentation of the public joint-stock company Invalda INVL consolidated
annual report. 

Shareholders of the public joint-stock company Invalda INVL are presented with
the consolidated annual report of Invalda INVL for 2015 (There is no voting on
this issue of agenda). 

2)     Presentation of the independent auditor's report on the financial
statements of the public joint-stock company Invalda INVL. 

Shareholders of the public joint-stock company Invalda INVL are presented with
the independent auditor's report on the financial statements of Invalda INVL
and audit's committee report for 2015 (There is no voting on this issue of
agenda). 

3)     On the approval of the consolidated and stand-alone financial statements
for 2015 of the public joint-stock company Invalda INVL. 

To approve the consolidated and companies financial statements for 2015 of the
public joint-stock company Invalda INVL. 

4)      Regarding the distribution of the public joint-stock company Invalda
INVL for 2015. 

To distribute the profit of the public joint-stock company Invalda INVL for
2015 as follows: 



                               Article                                  (thousan
                                                                         d EUR) 
--------------------------------------------------------------------------------
Retained earnings (loss) at the beginning of the financial year of the    24,515
 reporting period                                                               
--------------------------------------------------------------------------------
Net profit (loss) for the financial year                                   4,481
--------------------------------------------------------------------------------
Profit (loss) not recognized in the income statement of the reporting        (4)
 financial year – retained earnings transferred during the split-off            
--------------------------------------------------------------------------------
Transfers from reserves                                                        -
--------------------------------------------------------------------------------
from reserve to purchase of own shares                                         -
--------------------------------------------------------------------------------
from legal reserve                                                             -
--------------------------------------------------------------------------------
from share premium                                                             -
--------------------------------------------------------------------------------
Shareholders contribution to cover loss (if all or part of loss is             -
 covered by the shareholders)                                                   
--------------------------------------------------------------------------------
Profit distribution:                                                      28,992
--------------------------------------------------------------------------------
- Profit transfers to the legal reserves                                       -
--------------------------------------------------------------------------------
- Profit transfers to the reserves for own shares acquisition                  -
--------------------------------------------------------------------------------
- Profit transfers to other reserves                                           -
--------------------------------------------------------------------------------
- Profit to be paid as dividends                                               -
--------------------------------------------------------------------------------
- Profit to be paid as annual payments (bonus) and for other purposes          -
--------------------------------------------------------------------------------
Retained earnings (loss) at the end of the financial year                 28,992
--------------------------------------------------------------------------------

5.             Regarding purchase of own shares of the public joint-stock
company Invalda INVL. 

Executing the resolution of the General Shareholders Meeting on 30 April 2015
on the acquisition of own shares, Invalda INVL purchased its own shares for a
total of 550 thousand euros. The remaining amount of the unused reserve for own
shares is 10,571 thousand euros. 

To use the reserve for the purchase of own shares and to purchase shares in
Invalda INVL under these conditions: 

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 may not exceed 1/10 of share capital. 

3.   The period during which the company 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 - value of consolidated equity per one share calculated
according to the last publicly announced data of the consolidated equity of
Invalda INVL before the decision of the Board, minimum one share acquisition
price –   EUR 1. 

5.   The conditions of the selling of the purchased shares and mininal purchase
price:  Purchased own shares may be cancelled by the decision of the General
Shareholders Meeting or sold by the decision of the Board upon the condition
that minimum sale price for one share isn’t lower than value of consolidated
equity per one share calculated according to the publicly announced data of the
consolidated equity of Invalda INVL before the decision of the Board, and the
sale procedure will ensure equal possibilities for all shareholders to purchase
these shares. 

The Board of Invalda INVL, AB 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. 

From the date of this resolution the resolution of the General Shareholders
Meeting on 30 April 2015 on the acquisition of own shares expires. 

6.          On the approval of Invalda INVLemployee stock option policy.

To approve the Invalda INVL Employee stock option policy (enclosed).

To authorize the Board of Invalda INVL to ensure the proper implementation of
Employee stock option policy. 

7.          Regarding the specific number of ordinary registered shares of the
public joint-stock company Invalda INVL for which during year 2016 employees
shall be offered options contracts and regarding the price of the shares. 

It is offered for the employees of Invalda INVL and of the companies, in which
Invalda INVL owns 50 per cent or more of shares, during year 2016 to make
options contracts, on the basis of which according to the procedures and terms
established in options contracts in year 2019 employees will be able to
exercise the right to acquire 52,906 ordinary shares of Invalda INVL of EUR
0.29 nominal value, by paying for every acquired share 1 (one) euro. The
acquisition price of shares is fixed, it does not change depending on
performance results of the company and / or other companies’ of the group or on
ordinary registered share price of Invalda INVL on a regulated market. 


         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail: darius.sulnis@invl.com

Attachments:

EMPLOYEE STOCK OPTION POLICY.pdf

Invalda INVL annual information 2015.pdf

Audit Committee report for 2015_Translation.pdf