INVL Technology

Regulatory Filings • Mar 24, 2015

Disclosure 322878

INVL Technology - Notification on material event

Norway Registers Development AS starts activities in Uganda

Vilnius, Lithuania, 2015-03-24 08:42 CET (GLOBE NEWSWIRE) -- Norway Registers Development AS, a company managed by IT investment fund INVL Technology AB, is starting activities in Uganda. Norway Registers Development which owns 30 per cent of Infobank Uganda Limited shares signed Infobank Uganda Limited shareholders agreement on 23 March 2015. According to Rimantas Žylius, Managing director of Norway Registers Development, Infobank Uganda intends to work with different registries which are currently largely paper based, and provide registries information to financial sector clients via electronic system. Innovative solutions will allow businesses to obtain the required information, use remote services to order and receive information, order official documents and use a spectrum of electronic services despite paper based registries being in operation. Infobank Uganda activities will contribute to the improvement of business climate in Uganda, decrease costs of doing business, simplify and accelerate activities of financial institutions and therefore increase credit availability for businesses. The person authorized to provide additional information: Kazimieras Tonkūnas Director E-mail: k.tonkunas@invltechnology.lt