Invalda INVL — AGM Information 2015

Apr 8, 2015

Convocation of the Shareholders Meeting of Invalda LT and draft resolutions

Convocation of the Shareholders Meeting of Invalda LT and draft resolutions

Vilnius, Lithuania, 2015-04-08 07:55 CEST (GLOBE NEWSWIRE) -- On the initiative and
decision of the Company's Management Board the General Shareholders Meeting of
Invalda LT, AB (identification code 121304349, the registered address
Seimyniskiu str. 1A, Vilnius, Lithuania) is to be held on 30 April 2015 at 8:45
a.m. in the Company's office (Seimyniskiu str. 1, Vilnius).
Registration of the shareholders will start at 8:00 a.m. Only the persons who
are the shareholders of the Company at the end of the accounting day of the
General Shareholders Meeting (23 April 2015) are entitled to participate and to
vote at the General Shareholders meeting.The agenda of the
General Shareholders Meeting of Invalda LT, AB includes:1.Presentation of the
public joint-stock company Invalda LT consolidated annual report for
20142. Presentation of the
independent auditor's report on the financial statements of the public
joint-stock company Invalda LT for 2014.
3. On the approval of the consolidated and stand-alone financial statements for
2014 of the public joint-stock company Invalda LT.
4. Regarding the distribution of the public joint-stock company Invalda LT
profit for 2014
5. Regarding the change of the corporate name of public joint-stock company
Invalda LT
6. Regarding the change of the public joint-stock company Invalda LT share
capital and par value of its shares.
7. Regarding approval of the New Wording of the public joint-stock company
Invalda LT Articles of Association.
8. Regarding acquisition of own shares of the public joint-stock company
Invalda LT.The draft resolutions of the General Shareholders
Meeting of Invalda LT, AB:1.Presentation of the
public joint-stock company Invalda LT consolidated annual report for
2014.Shareholders of the public joint-stock company
Invalda LT are presented with the consolidated annual report of Invalda LT for
2014 (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 LT for 2014.Shareholders of the public joint-stock company
Invalda LT are presented with the independent auditor's report on the financial
statements of Invalda LT for 2014 (There is no voting on this issue of
agenda).3. On the approval of
the consolidated and stand-alone financial statements for 2014 of the public
joint-stock company Invalda LT.To
approve the consolidated and companies financial statements for 2014 of the
public joint-stock company Invalda LT.4. Regarding the
distribution of the public joint-stock company Invalda LT profit for 2014.
To distribute the profit of the public joint-stock company Invalda LT for 2014
as follows:(thousand \(thousand style= LTL)\ EUR)\"font- family :Arial , Helvet ica, sans-s erif;">Artic
le

---

----------------------------------------------------------------------- 27,138\\7,860\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">Reta
ined
earni
ngs
(loss
) at
the
begin
ning
of
the
finan
cial
year
of
the
repor
ting
perio
d

---

----------------------------------------------------------------------- 70,775\\20,497\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">Net
profi
t
(loss
) for
the
finan
cial
year<
/span>

---

----------------------------------------------------------------------- (13,267)\\(3,842)\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">Prof
it
(loss
) not
recog
nized
in
the
incom
e
state
ment
of
the
repor
ting
finan
cial
year
-
retai
ned
earni
ngs
trans
ferred
durin
g the
split
-off</
span>

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">Tran
sfers
from
reser
ves

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">from
reser
ve to
purch
ase of
own
share
s

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">from
legal
reser
ve

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">from
share
premi
um

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">Shar
eholde
rs
contr
ibutio
n to
cover
loss
(if
all
or
part
of
loss
is
cover
ed by
the
share
holder
s)

---

----------------------------------------------------------------------- 84,646\\24,515\ style ="font -size: 11pt;">Dist
ributa
ble
profi
t
(loss
) in
total

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">-
Profi
t
trans
fers
to
the
legal
reser
ves

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">-
Profi
t
trans
fers
to
the
reser
ves
for
own
share
s
acqui
sition

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">-
Profi
t
trans
fers
to
other
reser
ves

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">-
Profi
t to
be
paid
as
divid
ends</
span>

---

----------------------------------------------------------------------- 0\\0\ style ="font -famil y:Aria l, Helve tica, sans- serif; ">-
Profi
t to
be
paid
as
annua
l
payme
nts
(bonu
s) and
for
other
purpo
ses

---

----------------------------------------------------------------------- 84,646\\24,515\ style ="font -size: 11pt;">Reta
ined
earni
ngs
(loss
) at
the
end
of
the
finan
cial
year
carri
ed
forwa
rd to
the
next
finan
cial
year<
/span>

---

----------------------------------------------------------------------- 5. Regarding the change
of the corporate name of public joint-stock company Invalda LT.To
change the corporate name of the public joint stock company Invalda LT from the
public joint stock company Invalda LT to the public joint stock company Invalda
INVL. To announce about the change of the corporate name according to the legal
acts.6. Regarding the change
of the public joint-stock company Invalda LT share capital and par value of its
shares.According to Republic of Lithuania Law on Euro
Adoption, Republic of Lithuania Law on Redenomination to the Euro of the
Capital and of the Nominal Value of Securities of Public Limited Liability
Companies and Private Limited Liability Companies and Amendment of the Articles
of Association of These Companies and Republic of Lithuania Law on Limited
Liability Companies the par value of one Invalda LT share will be changed from
LTL 1 to EUR 0,29 cents and the change the share capital accordingly from LTL
11,865,993 to EUR 3,441,137.97.7. Regarding approval
of the New Wording of the public joint-stock company Invalda LT Articles of
Association.According to the resolutions of the General
Shareholder's Meeting, decided in the 5th and 6^{th items of the agenda and according to the 2000 July
13th Republic of Lithuania Law on Limited Liability Companies No. VIII-1835
current version and Republic of Lithuania Law on Redenomination to the Euro of
the Capital and of the Nominal Value of Securities of Public Limited Liability
Companies and Private Limited Liability Companies and Amendment of the Articles
of Association of These Companies and Republic of Lithuania Law, to approve the
new Wording of Invalda LT Articles of Association (attached) by changing all
the text.To
authorize Darius Sulnis, the president of the public joint-stock company
Invalda LT, to sign new wording of the Articles of Association of the public
joint-stock company Invalda LT.8. Regarding purchase
of own shares of the public joint-stock company Invalda LT.Invalda
LT, AB has formed the reserve for the purchase of own shares which is equal to
EUR 11.1 million.To use
the reserve for the purchase of own shares and to purchase shares in Invalda
LT:1. The goal for the purchase of
own shares - to ensure for shareholders a possibility to sell company's
shares2. The maximum number of shares to be acquired - the nominal value of
own shares may not exceed 1/10 of share 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 should not increase the book value per share
(equity capital divided from the amount of shares) calculated on be basis of
the last publicly announced data of the financial statements of Invalda LT, -
EUR 3.5. The conditions of the selling of the purchased shares and mininal
purchase price: the acquired own shares may be annulled by the decision of the
General Shareholders Meeting or sold by the decision of the Board on condition
the minimum price of sale of own shares shall be equal to the price at which
they were acquired and the procedure of selling the shares shall ensure equal
opportunities for all shareholders to acquire the said shares.The Board of Invalda
LT, 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. The documents related to the agenda, draft resolutions
on every item of agenda, documents what have to be submitted to the General
Shareholders Meeting and other information related to realization of
shareholders rights are available at the office of Invalda LT (Seimyniskiu str.
1A, Vilnius, 6 floor) during working hours.The shareholders are entitled: (i) to propose to
supplement the agenda of the General Shareholders Meeting submitting draft
resolution on every additional item of agenda or, than there is no need to make
a decision - explanation of the shareholder (this right is granted to
shareholders who hold shares carrying at least 1/20 of all the votes). Proposal
to supplement the agenda is submitted in writing by registered mail or
delivered in person against signature. The agenda is supplemented if the
proposal is received no later than 14 before the General Shareholders Meeting;
(ii) to propose draft resolutions on the issues already included or to be
included in the agenda of the General Shareholders Meeting at any time prior to
the date of the General Shareholders meeting (in writing, by registered mail or
delivered in person against signature) or in writing during the General
Shareholders Meeting (this right is granted to shareholders who hold shares
carrying at least 1/20 of all the votes); (iii) to submit questions to the
Company related to the issues of agenda of the General Shareholders Meeting in
advance but no later than 3 business days prior to the General Shareholders
Meeting in writing by registered mail or delivered in person against signature.
Shareholder participating at the General Shareholders Meeting and having the
right to vote must submit documents confirming personal identity. Each
shareholder may authorize either a natural or a legal person to participate and
to vote on the shareholder's behalf at the General Shareholders Meeting. The
representative has the same rights as his represented shareholder at the
General Shareholders Meeting. The authorized persons must have documents
confirming their personal identity and power of attorney approved in the manner
specified by law which must be submitted to the Company no later than before
the commencement of registration for the General Shareholders Meeting.
Shareholder is entitled to issue power of attorney by means of electronic
communications for legal or natural persons to participate and to vote on its
behalf at the General Shareholders Meeting. The shareholders must inform the
Company about power of attorney issued by means of electronic communications no
later than before the commencement of registration for the General Shareholders
Meeting. The power of attorney issued by means of electronic communications and
notice about it must be written and submitted to the Company by means of
electronic communications.
Shareholder or its representative may vote in writing by filling general voting
bulletin, in such a case the requirement to deliver a personal identity
document does not apply. The form of general voting bulletin is presented at
the Company's webpage. If shareholder requests, the Company shall send the
general voting bulletin to the requesting shareholder by registered mail or
shall deliver it in person against signature no later than 10 days prior to the
General Shareholders Meeting free of charge. The filled general voting bulletin
must be signed by the shareholder or its authorized representative. Document
confirming the right to vote must be added to the general voting bulletin if
authorized person is voting. The filled general voting bulletin must be
delivered to Invalda LT, AB by registered mail (address Seimyniskiu str. 1A,
LT09312 Vilnius, Lithuania) or in person against signature no later than before
the day of the General Shareholders Meeting.
The Company does not provide opportunities to participate and vote at the
meeting by electronic means. Information related with the convened General
Shareholders Meeting (notice on convocation of General Shareholders Meeting,
information about Company's shares, draft resolution, etc.) are available at
Company's webpage www.invaldalt.com}

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

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