Vilnius, Lithuania, 2012-11-20 10:00 CET (GLOBE NEWSWIRE) -- The Extraordinary General Shareholders Meeting of Invalda AB of November 20, 2012 approved drawing up of the terms of Invalda AB split-off and authorized the Board to prepare the terms of split-off as well as appoint necessary experts and auditors for the preparation and assessment of the said terms, and conduct other related actions.
Furthermore, PricewaterhouseCoopers UAB was elected for the audit of annual financial statements of the financial years of 2012 - 2013. It was decided to set remuneration of LTL 111 000 (one hundred eleven thousand) (EUR 32 148) plus VAT for the audit of each year’s annual financial statements. In case additional services are provided under the agreement on the audit services, additional remuneration is paid to the audit company. The additional remuneration will be determined according to hourly rates of PricewaterhouseCoopers UAB employees.
The person authorized to provide additional information:
Dalius Kaziunas
President
Tel. (8 5) 273 3278
Email: dalius@invalda.lt