Invalda INVL voluntary tender offer for INVL Technology shares is approved


Vilnius, Lithuania, 2015-05-19 08:24 CEST (GLOBE NEWSWIRE) --

On 18 May 2015 the Supervision Service of the Bank of Lithuania approved the circular of the voluntary tender offer by the group of shareholders, represented by Invalda INVL, AB by the agreement signed on 28 April, 2015, to buy up remaining ordinary registered shares of INVL Technology, AB, not owned by the Offerors. Invalda INVL, AB offers to buy up 414 034 ordinary registered shares of the INVL Technology, AB (code 300893533) EUR 0.29 nominal value each, ISIN code LT0000128860, amounting to 6.771 per cent of all INVL Technology, AB issued shares and granting the same amount of all voting rights.

Price of the non-competitive voluntary tender offer amounts to EUR 1.61 per ordinary registered share, settlement for shares – in cash.

The tender offer starts during the fourth working day following the supervisory authority's decision to approve the circular on 22 May 2015. The tender offer implementation period - 14 days (from 22 May 2015 till 4 June 2015 (inclusive)).

The right to sell their shares during the tender offer have INVL Technology, AB shareholders, who at the General Shareholders Meeting held on 10 April, 2015, did not vote or voted “against” the decision to reorganize the activity of INVL Technology, AB to the closed-end investment company under the Law of the Republic of Lithuania on Collective Investment Undertakings.

Detailed tender offer conditions are provided in attached circular (Lithuanian only). Summary of the tender offer circular is attached as well (Lithuanian only). Decision of the Supervision service of the Bank of Lithuania regarding approval of the voluntary tender offer circular is attached as well (Lithuanian only)

         The person authorized to provide additional information:
         Darius Sulnis
         President
         Phone +370 5279 0601
         E-mail: darius.sulnis@invl.com


Attachments

Voluntary tender offer circular_INVLTechnology_Invalda INVL_2015 05 18.pdf LB_Desicion_Regarding approval of the voluntary tender offer circular_INVLTechnology_Invalda INVL_2015 05 18.pdf Summary of the voluntary tender offer circular_INVL Technology_Invalda INVL.pdf