Invalda INVL
Notification on material event

On the share redemption procedure

Vilnius, Lithuania, 2013-03-21 08:38 CET -- The Board of the public joint – stock company „INVALDA“, company code 121304349, address Seimyniskiu str. 1A, Vilnius (hereinafter – INVALDA AB or the Company), acting in accordance with part 4 of Article 67 of the Law on Companies of the Republic of Lithuania and  the split – off terms announced on February 13, 2013; taking into account the fact that the shares during the split - off will be allocated to the shareholders not proportionally to their ownership in the authorized capital of INVALDA AB, and therefore the shareholders holding the shares the nominal value whereof is less than 1/10 of the authorized capital of INVALDA AB shall have within 45 days after the adoption of a decision on the split – off by the general meeting of shareholders of INVALDA AB the to request that their shares be redeemed by INVALDA AB, approved this share redemption procedure:

The redemption procedure will be implemented through the market of official order of NASDAQ OMX Vilnius stock exchange (hereinafter - Stock Exchange). The redemption price will be set in litas (LTL) and it will be equal to the weighted average price of transactions with Company’s shares on Stock Exchange during the period of six months immediately preceding the General Meeting of Shareholders which has on its agenda the issue of adoption of the decision on the split – off and the decision on approval of the split – off terms. The calculated weighted average share price will be rounded up to three decimal figures. The exact share redemption price will be set and published on the day of the General Meeting of Shareholders of INVALDA AB, i.e. April 9, 2013, if the Meeting approves the split – off and split – off terms. 

The share redemption will start on the next day after the General Meeting of Shareholders and last 45 days. Share sale orders shall be accumulated during the entire acquisition period. Settlement for the redeemed shares will be made on the next day after the completion of the transaction. The maximum number of shares to be redeemed is 5,180,214, i.e. 1/10 of the authorized capital.

Shareholders of INVALDA AB holding the shares the nominal value whereof is less than 1/10 of the authorized capital of the Company, shall have the right to provide share sale orders, except the shareholders whose rights to sell shares to the Company during the split - off are limited according to the split – off terms. In order to provide the share sale order, the shareholders should approach any bank or brokerage house, which has a right to submit orders on the Stock Exchange. 

The share redemption will be discontinued, if any the following facts will take place: (i) the nominal value of shares requested to be redeemed exceeds 1/10 of the authorized capital of INVALDA AB; (ii) the shareholders whose rights to sell shares to the Company during the split – off terms are limited according to the split – off terms, will provide share sale order. The fact that the shares will not be redeemed will be immediately announced in the daily Lietuvos Rytas as well as on the Central Storage Facility and the website  www.invalda.lt

         The person authorised to provide additional information:
         Dalius Kaziunas
         President
         Tel. +370 5273 3278
         Email: dalius@invalda.lt