Vilnius, Lithuania, 2015-06-30 07:31 CEST (GLOBE NEWSWIRE) -- INVL Baltic Farmland and group companies made land plot administration agreement with INVL Farmland Management on 30 June 2015. INVL Farmland Management, is a company owned by one of the largest asset management groups in the Baltic region Invalda INVL. The signing of the agreement, which was approved during the shareholders meeting held on 24 March 2015, will be valid from 1 July 2015.
As it is stated in the administration agreement, management fees paid to INVL Farmland Management will be 7% of annual rent revenues and 0,5% market capitalization of INVL Baltic Farmland. Success fee is also set and it consists of 20 percent from the share of the return exceeding the pre-determined annual return of 5 percent plus inflation. In the case of bad debts exceeding 5 percent of income, surplus shall be fully compensated by INVL Farmland Management, UAB.
The person authorized to provide additional information:
Alvydas Banys
Chairman of the Board
E-mail: alvydas.banys@invaldalt.com