The Board of Invalda AB for the Ordinary General Shareholders Meeting, which will be held on 30th of April, 2009, presents for approval Company’s and consolidated financial statements for 2008, consolidated annual report, auditor‘s report and decision about distribution of Company’s profit (loss).
Also the Shareholders Meeting will be proposed to cancel Group employees’ participation in Invalda AB capital policy, Remuneration policy for management of Invalda AB, and Policy concerning payout to Invalda AB shareholders.
Striving to conclude the payout policy for the Invalda shareholders, the company also has been approved the conditions of acquisition of own shares. It will be proposed to cancel this decision about acquisition of own shares. It is planned that the reserve, formed for acquisition of own shares will remain unchanged, so that in the future there would remain a possibility to suggest the new conditions for own shares acquisition.
“The overall situation and business environment influences, that decisions, adopted a year ago, do not correspond with nowadays reality. Despite its’ point in reflecting Invalda’s strategy focused to long-term growth of company’s value, with the changing circumstances, the decisions must be reconsidered also. We suppose, that it has to be done only in the stabilised economic environment” – said president of Invalda Darius Šulnis.