Shareholders of one of the largest Lithuanian investment companies’ Invalda AB authorized the Board to draw up the terms of split-off of the Company.
The above resolution was adopted by the extraordinary General Shareholders Meeting on November 20, 2012.
„Possible allocation of the assets between the companies after the split-off as well as the structure of the shareholding in those companies will be known after preparation of the terms of split-off”, – said Dalius Kaziunas, the president of Invalda AB.
According to him, the terms of split-off will be published not later than 30 days before the General Shareholders Meeting which will be asked to approve the split-off.
Furthermore, UAB PricewaterhouseCoopers was elected for the audit of annual financial statements of financial years 2012 – 2013, setting annual remuneration for the audit not higher than LTL 111 000 (one hundred eleven thousand) (EUR 32 148) plus VAT.
The person authorized to provide additional information:
Dalius Kaziunas
President
Tel. (8 5) 273 3278
Email: [email protected]