Meeting of 10 April 2018

The resolutions of the Ordinary General Shareholders Meeting of INVL Baltic Farmland that was held on 10 April 2018:

  1. Presentation of the public joint-stock company INVL Baltic Farmland consolidated annual report for 2017

Shareholders of the public joint-stock company INVL Baltic Farmland are presented with the consolidated annual report of INVL Baltic Farmland for 2017 (there is no voting on this issue of agenda).

  1. Presentation of the independent auditor's report on the financial statements and consolidated annual report of the public joint-stock company INVL Baltic Farmland.

Shareholders of the public joint-stock company INVL Baltic Farmland are presented with the independent auditor's report on the financial statements and consolidated annual report of INVL Baltic Farmland (there is no voting on this issue of agenda).

  1. Approval of the consolidated and stand-alone financial statements for 2017 of the public joint-stock company INVL Baltic Farmland

To approve the consolidated and stand-alone financial statements for 2017 of the public joint-stock company  INVL Baltic Farmland.

  1. Regarding profit distribution of the public joint-stock company INVL Baltic Farmland.

To distribute profit of the public joint-stock company INVL Baltic Farmland as follows:

Article (thousand EUR)
Retained earnings (loss) at the begining of the financial year of the reporting period 5,767
Net profit (loss) for the financial year 885
Profit (loss) not recognized in the income statement of the reporting financial year -
Shareholders contributions to cover loss -
Distributable profit (loss) at the end of the financial year of the reporting period 6,652
Transfers from reserves -
Distributable profit (loss) in total 6,652
Profit distribution: (484)
- Profit transfers to the legal reserves -
-Profit transfers to the reserves for own shares acquisition -
- Profit transfers to other reserves -
- Profit to be paid as dividends* (484)
- Profit to be paid as annual payments (bonus) and for other purposes -
Retained earnings (loss) at the end of the financial year 6,168

*0.15 EUR is paid per share.

  1. Regarding approval of the new wording of the Dividend Payment Policy of the public joint-stock company INVL Baltic Farmland

To approve the new wording of the Dividend Payment policy (attached) of the public joint-stock company INVL Baltic Farmland

  1. Regarding purchase of own shares of the public joint stock company INVL Baltic Farmland

Until the day of the General Shareholders meeting the reserve for the purchase of own shares which is equal to EUR 3,079,669 is not used.

To use the reserve (or the part of it) for the purchase of own shares and to purchase shares in the public joint stock company INVL Baltic Farmland by the rules mentioned below:

1) The goal for the purchase of own shares - to ensure for shareholders a possibility to sell company's shares.

2) The maximum number of shares to be acquired - the nominal value of own shares by the public joint stock company INVL Baltic Farmland, which may not exceed 1/10 of share.

3) The period during which the public joint stock company INVL Baltic Farmland may purchase its own shares 18 months from the day of this resolution.

4) The maximum and minimal one share acquisition price:  the maximum one share acquisition price- EUR 5.00, the minimal one share acquisition price - EUR 3.00.

5) The conditions of the selling of the purchased shares and minimal purchase price: the acquired own shares may be annulled by the decision of the General Shareholders Meeting or sold by the decision of the Board on condition the minimum price of sale of own shares shall be equal to the price at which they were acquired and the procedure of selling the shares shall ensure equal opportunities for all shareholders to acquire the said shares.

  1. Regarding election of the members of the Board of the public joint stock company INVL Baltic Farmland

To elect for a period of 4 (four) years terms the persons named below as members of the Board of the public joint stock company INVL Baltic Farmland

  1. Alvydas Banys
  2. Indrė Mišeikytė
  3. Darius Šulnis
  1. Regarding approval of the new wording of the Articles of Associations of the public joint stock company INVL Baltic Farmland
  1. In accordance with the current version of the Law on Companies of the Republic of Lithuania, to approve the new wording of the Articles of Association of the public joint stock company INVL Baltic Farmland (attached), changing the entire text of the Articles of Association (without further amendment of the separate Clauses of the Articles of Association).
  2. To authorize Eglė Surplienė, manager of the public joint stock company INVL Baltic Farmland, to sign the new wording of the Articles of Association of the public joint stock company INVL Baltic Farmland

Regarding the dividend payment for the shareholders: 

Persons, who will be shareholders of INVL Baltic Farmland at the end of 24 April 2018, the tenth day after the general shareholders meeting to approve the resolution to allocate part of company’s profit for the payment of dividends, are entitled to receive dividends.

Regarding the Audit Committee report of the Company:

According to the Regulations of the Audit Committee of INVL Baltic Farmland (approved during the General Shareholders Meeting of the Company that was held on 22 March 2017), the Audit Committee informs the Annual General Shareholders Meeting of the Company about its activities providing a written report (attached).

 


INVL Baltic Farmland_Audit Committee Report.pdf 
INVL Baltic Farmland_annual information_2017.pdf 
INVL Baltic Farmland_Articles of Association.pdf 
INVL Baltic Farmland dividend payment policy.pdf 
Information about the candidates to the Board.pdf