Shares of INVL Technology will be listed on NASDAQ OMX Vilnius Stock Exchange since 4 June. The company plans to attract additional capital and invest into IT services and industry companies.

„We are sure that the growth of the IT sector and strong management team with a track record of value is the combination  that makes investment into INVL Technology attractive“ – said Vytautas Plunksnis, investment manager of Invalda LT and Member of the Board of BAIP Group.

The first investment of INVL Technology is 80% shares in BAIP Group, UAB (other shareholders can additionally acquire 11.265% of shares for the value of LTL 1.25 million (EUR 0.4 million). INVL Technology will apply for a closed-end investment company license to the Bank of Lithuania, and in its nature will become similar to a fund. After receiving the license, additional investments will be attracted.

Consolidated audited revenue of BAIP Group increased by 25.3% in 2013 and amounted to LTL 50.752 million (EUR 14.7 million), meanwhile EBITDA, as compared to last year, increased by 65.6% and amounted LTL 4.45 million (EUR 1.3 million).

The fair value of shares of INVL Technology will be determined by the market. At 6-10 EV/EBITDA, capitalization of the company would reach LTL 13.5-25.2 million (EUR 3.9-7.3 million).

Currently BAIP group has companies in Lithuania (BAIP, Acena, NRD, NRD CS), Norway (Norway Registers Development) and Tanzania (Norway Registers Development East Africa). The group has implemented projects in more than 50 countries around the world.

The company has issued a total of 592,730 shares.

More information is disclosed on www.invltechnology.lt, www.baipgrupe.lt.

         The person authorized to provide additional information:
         Darius Sulnis
         Director
         Phone +370 5279 0691
         E-mail:[email protected]

Attachments:
INVLTechnology presentation_3 June 2014.pdf