On 18 May, 2015 the Supervision Service of the Bank of Lithuania approved the circular of the voluntary tender offer by the group of shareholders, represented by Invalda INVL, AB by the agreement signed on 28 April 2015, to buy up remaining ordinary registered shares of INVL Technology, AB, which are not owned by the Offerors. Invalda INVL, AB offers to buy up 414 034 ordinary registered shares of the INVL Technology, AB (code 300893533),  EUR 0.29 par value each, ISIN code LT0000128860, amounting to 6.771 per cent of INVL Technology, AB issued shares and granting the same amount of shares giving the voting rights.

Price of the non-competitive voluntary tender offer amounts to EUR 1.61 per ordinary registered share, settlement for shares – in cash.

The tender offer starts during the fourth working day following the supervisory authority’s decision to approve the circular on 22 May 2015. The tender offer implementation period – 14 days (from 22 May 2015 till 4 June, 2015 (inclusive)).

The tender offer will be implemented on Tender offer market of NASDAQ OMX Vilnius, AB through the intermediary bank Finasta, AB.

The right to sell their shares during the tender offer have INVL Technology, AB shareholders, who at the General Shareholders Meeting held on 10 April 2015, did not vote or voted “against” the decision to reorganize the activity of INVL Technology, AB to the closed-end investment company under the Law of the Republic of Lithuania on Collective Investment Undertakings.

After reorganization of the activity of the INVL Technology, AB to the closed-end investment company under the Law of the Republic of Lithuanian on Collective Investment Undertakings, shareholders of INVL Technology, AB will become participants of the closed-end investment company under the Law of the Republic of Lithuanian on Collective Investment Undertakings without an individual expression of will.

Before taking the decision wether to sell their shares of INVL Technology, AB during the tender offer, investors should take into account that neither the Offerors or INVL Technology, AB have not assessed whether the shares in INVL Technology AB will be suitable for the each shareholder , taking into account each individual shareholders knowledge and experience in the investment field , if INVL Technology, AB will receive a closed-end investment company license.

Detailed tender offer conditions are provided in attached circular (Lithuanian only). Summary of the tender offer circular is attached as well (Lithuanian only). Desicion of the  Supervision service of the Bank of Lithuania regarding approval of the voluntary tender offer circular is attached as well (Lithuanian only).

Person authorised to provide information:
Director
Kazimieras Tonkunas
El.paštas [email protected]

Attachments:
LB_Desicion_Regarding approval of the voluntary tender offer circular_INVLTechnology_Invalda INVL_2015 05 18.pdf
Voluntary tender offer circular_INVLTechnology_Invalda INVL_2015 05 18.pdf
Summary of the voluntary tender offer circular_INVL Technology_Invalda INVL.pdf