Draft resolutions of the extraordinary General Shareholders Meeting of Invalda AB

Invalda AB 

02.05.2012 15:22
---------------------------------------------------------------------------

Vilnius, Lithuania, 2012-05-02 15:22 CEST (GLOBE NEWSWIRE) -- The Management
Board of Invalda AB approved the draft resolutions of the extraordinary General
Shareholders meeting to be held on May 24, 2012: 

1. On the reduction of the Authorized Capital of the Company by cancelling the
shares. 
Draft resolution:

1. To reduce the Authorized Capital of Invalda, AB for the purpose of
cancelling of the shares acquired by the company. The Authorized Capital shall
be reduced by LTL _________( __________) cancelling __________ (___________)
ordinary registered shares of Invalda AB at par value of LTL 1 (one). After the
cancelling of the shares acquired by the Company, the Authorized Capital of
Invalda AB shall make LTL __________(_________) and it will be divided into
__________ (___________) ordinary registered shares at par value of LTL 1
(one). 

2. The amendment of the Company's Articles of Association due to the reduction
of the Authorized capital. 
Draft resolution:
2.1. To approve the amended Articles of Association of the Company. The amended
paragraphs 12 and 15 shall be read as follows: 

'12. The Authorized capital of the Company shall be LTL ___________
(_____________).' 
 '15. The Company's authorized capital is divided into ___________
(_____________) ordinary registered shares.' 
2.2. To authorize the President Dalius Kaziunas to sign the revised Articles of
Association and complete all other actions related with the amendment of the
Articles of Association and registration of the Articles of Association in the
Register of Companies. 
 3. On acquisition of own shares.
Draft resolution:

3.1. To acquire shares of Invalda AB through the market of official offer of
NASDAQ OMX Vilnius AB in accordance with procedures laid down in the legal acts
regulating this market. 
1) The purpose of acquisition of own shares - (i) to pay excessive funds to the
Company's shareholders giving  them an opportunity to decide on themselves
regarding disposal of shares; (ii) to decrease a difference between  the
Company's net asset value and its current share market price. 
2) The maximum number of shares to be acquired: the nominal value of own shares
may not exceed 10 % of the Company's share capital. 
3) The period during which the Company may acquire its own shares - 12 months
from the day of this resolution. 
4) The maximum share acquisition price - 5.00 euro (17.26 litas), minimum share
acquisition price - 1 euro (3.45 litas). 
5) The acquired own shares may be annulled. In case if the own shares are sold,
the minimum price of sale of own shares shall be equal to the price at which
they were acquired. The procedure of selling the shares shall ensure equal
opportunities for all shareholders to acquire the said shares. 
3.2. The Board of the Company is delegated on the basis of this resolution and
the Law on companies of the Republic of Lithuania to organize purchase and sale
of the own shares, 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 acquisition of own shares. 


         Dalius Kaziunas
         President
         Tel. (8 5) 273 3278
         Email: dalius@invalda.lt
News Source: NASDAQ OMX



02.05.2012 Dissemination of a Corporate News, transmitted by DGAP - 
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
Language:     English
Company:      Invalda AB
              
               
              Lithuania
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LT0000102279
WKN:          
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------