Invalda INVL

Director's Dealing • Jun 13, 2023

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Darius Šulnis
2.	Reason for the notification
a)	Position / status	The president of the issuer
b)	Initial notification/Amendment	Initial notification
3.	Details of the Issuer
a)	Name	AB Invalda INVL
b)	LEI code	52990001IQUJ710GHH43
4.	Details of the transaction
a)	Description and type of the financial instrument Identification code	Execution of option agreement to obtain issuer's shares in the future N/A
b)	Nature of the transaction	Execution of option agreement to obtain issuer's shares in the future under Rules for Granting Equity Incentives approved by the general shareholders' meeting on 1-July-2020
c)	Price (-s) and volume	Price (-s)	Volume
		EUR 1.00	The number of shares is calculated by dividing the value of the granted options by the difference between value of net assets per share on 31.12.2025 and EUR 1. The value of the options is equal to the multiplication between 575,000 units and the excess of the net asset value per share on 31.12.2025 over 12% annual return as the minimum return barrier, assessing the growth of the net asset value per share from 31.12.2022 (EUR 11.07 per share) (i.e. the right to purchase shares would be granted if the net asset value on 31.12.2025 exceeded EUR 15.0552 per share). If payments per share are made prior to signing the share purchase agreement, the minimum return barrier would be reduced by the amount of the payment plus 12% interest calculated from the determined date by the company's Board until 31.12.2025.
d)	Aggregated information: — aggregated volume	Employee shall after 3 years (i.e. in 2026) be entitled to get issuer's shares, the quantity would be calculated as described in 4 c) point of the notification.
	— price	Price for one share EUR 1.00 12 June 2023
e) f)	Transaction date Place of the transaction	Outside a trading venue