News

Regarding information received by INVL Asset Management, the Management Company of INVL Technology

INVL Asset Management UAB, the Management Company of INVL Technology (hereinafter may be referred as the Company) was notified by the Bank of Lithuania that it is being given a warning regarding process deficiencies in the provision of investment and investment fund management services and a fine of EUR 140 thousand for infringements relating to the distribution of mutual funds. It should be noted that this decision is not related to the areas of pension funds, alternative investments or the operations of INVL Technology.

INVL Technology results for 3 months of 2019

Equity of INVL Technology and the Company's net asset value as of 31 March 2019 was EUR 27.69 mln or EUR 2.27 per share. At the end of 2018, these figures were EUR 28.02 million and EUR 2.30 respectively. Investments of the Company into managed companies amounted to EUR 24 million at the end of March 2019 and EUR 24.23 mln at the end of 2018. The net loss of the Company for 3 months of 2019 was EUR 331 thousand; the net loss of the Company for 3 months of 2018 amounted to EUR 460 thousand

Company owned by INVL Technology acquires Norway’s Zissor

INVL Technology, a company that invests in IT businesses, for 5.918 million Norwegian kroner (EUR 0.62 million) has acquired the Norwegian company Zissor, which provides media monitoring and digitization software development and services. The transaction was completed on 10 April this year through the company Novian, which is owned by INVL Technology. Following the transaction, Novian holds 100 percent of the shares in Zissor.

The proposal to approve of the new wording of the Articles of Association of INVL Technology

INVL Technology (hereinafter – INVL Techology or the Company Investment Committee acting on behalf of INVL Asset Management, the Management Company of INVL Technology, on 4th April 2019 decided propose to approve the amendments of the Articles of Association of the Company and the project of the new version of the Articles of Association during the General Shareholders meeting of the Company. The Articles of Association would be changed after the permission from the Bank of Lithuania would be received.

Convocation of the Ordinary General Shareholders Meeting of INVL Technology and draft resolutions

On the initiative and decision of the Management company of INVL Technology the Ordinary General Shareholders Meeting of the special closed-ended type private capital investment company INVL Technology (identification code 300893533, the registered address Gyneju str. 14 Vilnius, Lithuania) is to be held on 26 April 2019 at 08:30 a.m. in the premises located in Gyneju str. 14, Vilnius).

Audited results of INVL Technology for 2018

As of 31 December 2018, INVL Technology's equity amounted to EUR 28 million or EUR 2.30 per share. The net audited profit of the company in 2018 amounted to EUR 4.2 million.

Regarding resignation of INVL Technology Advisory Committee member

26 March 2019 INVL Asset Management UAB, a management company of INVL Technology, received a notice from Mr. Virginijus Strioga on his resignation from the Advisory Committee of INVL Technology's as of 1 April 2019. The Board of INVL Asset Management UAB will elect a new shareholders’ representative to the Advisory Committee of the closed-end investment company INVL Technology and this will be announced in a separate notice.

Regarding the change of regulatory activity form of INVL Technology

INVL Technology (hereinafter may be referred as the Company) informs that the decision from the Director of the Supervision Service of the Bank of Lithuania on the amendment of the Company's regulatory activity form was received on 21 March 2019. The Company from now is considered not to be operating on the basis of a license but operating under the permission issued by the Bank of Lithuania.