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Shareholders of Invalda elected auditor and amended terms of bonds issues

Shareholders of Investment company Invalda at the General Shareholders Meeting, which was held on August 6, elected an audit company PricewaterhouseCoopers for the audit of annual financial statements for the financial years 2010-2011. This company has already audited Invalda in 2009.

It was set that the remuneration for the audit of the annual financial statements each year will not exceed 124 000 LTL (VAT not included).

Moreover, amendments to the issued non-public 25 mln LTL and 7.44 mln LTL convertible bonds issues were approved. It was determined that for the one year period interest for the owners of these bonds will be paid once in a month. Therefore, RB Finansai UAB and DIM Investment UAB, the owners of convertible bonds, agreed to release part of assets from pledge.