It is proposed to appoint BDO Auditas ir Apskaita as the auditor of INVL Technology, INVL Baltic Real Estate and INVL Baltic Farmland for the years 2024-2026. The companies’ shareholders will vote on the matter at general shareholders’ meetings which will take place on 21 October.
For 10 years, PricewaterhouseCoopers has been successfully auditing the companies’ activities, but Lithuanian law requires that auditors be changed after that period, making a break of 4 years.
BDO Auditas ir Apskaita, although it does not belong to one of the Big Four audit firms, has earned a good reputation for reliable and high-quality audit work. The companies believe that BDO Auditas ir Apskaita will ensure adherence to the same high standards and will help to enhance financial oversight and governance.
INVL Baltic Farmland, INVL Technology and INVL Baltic Real Estate are listed on the Nasdaq Vilnius stock exchange. The latter two companies are managed by INVL Asset Management, the leading alternative asset manager in the Baltics.
INVL Baltic Real Estate owns 32,100 sq. m. of real estate with a value of EUR 44.03 million as of the end of the first half of 2024. INVL Baltic Farmland subsidiaries own approximately 3,000 hectares of agricultural land in Lithuania which is rented out to agriculture companies and farmers. INVL Technology owns and manages the cybersecurity company NRD Cyber Security, the GovTech company NRD Companies, and the Baltic IT company Novian.
Important information
This is a marketing communication of an information nature, which is not and shall not be construed as an offer to purchase investment shares of a collective investment undertaking, an investment recommendation, or investment research, as it is not designed to take into account the investment objectives, financial situation, or needs any individual investor.
When investing, the investors assume the risk associated with the investment. The value of investments can both rise and fall, and an investor may recover less than he/she/it has invested. Past investment results do not guarantee the same results or profitability in the future. Past performance is not a reliable indicator of future performance. Before making a decision to invest, potential investors should, on their own or with the help of investment advisers, assess the suitability of the investment for them along with the taxes and fees related to the investment, consider all the risks related to the investment, and carefully read the articles of association, prospectus and other documents of the respective collective investment undertaking.
