Resolutions of the Extraordinary Normal Assembly of Shareholders of INVL Baltic Actual Property Vilnius Inventory Change: INR1L

The resolutions of the Extraordinary Normal Assembly of Shareholders of the particular closed-type SICAV INVL Baltic Actual Property (hereinafter – “the corporate») Held on April 29, 2021:

1. Presentation of the consolidated annual report of INVL Baltic Actual Property for 2020

1.1. INVL Baltic Actual Property shareholders obtain Baltic Actual Property’s consolidated annual report for 2020 (there isn’t a vote on this agenda merchandise).

2. Presentation of the unbiased auditor’s report on the monetary statements and of the consolidated annual report of INVL Baltic Actual Property

2.1. INVL Baltic Actual Property shareholders obtain the unbiased auditor’s report on the monetary statements and the consolidated annual report of INVL Baltic Actual Property (there isn’t a vote on this agenda merchandise) .

3. Relating to the assent to the remuneration report of INVL Baltic Actual Property, as a part of the consolidated annual report of INVL Baltic Actual Property for the yr 2020

3.1. Approve the remuneration report of INVL Baltic Actual Property, as a part of the consolidated annual report of INVL Baltic Actual Property for the yr 2020 (connected).

4. Approval of the consolidated and autonomous monetary statements for 2020 of INVL Baltic Actual Property

4.1. Approve the consolidated and autonomous monetary statements for 2020 of INVL Baltic Actual Property.

5. Determine on the distribution of the earnings of INVL Baltic Actual Property

5.1. Distribute the earnings of the particular closed sort actual property funding firm INVL Baltic Actual Property as follows:

Merchandise (in hundreds of euros)
Retained revenue (loss) firstly of the monetary yr of the reporting interval 1
Web revenue (loss) for the yr 5.516
Revenue (loss) not acknowledged within the earnings assertion for the accounting yr
Transfers of reserves
Shareholder contributions to cowl losses
Complete distributable revenue (loss) 5.517
Distribution of earnings: (5,517)
– Transfers of earnings to authorized reserves (276.0)
-Switch of earnings to reserves for the acquisition of personal shares * (4,274)
– Transfers of earnings to different reserves
– Revenue to be paid within the type of dividends ** (967.0)
– Revenue to be paid within the type of annual funds (bonus) and for different functions
Retained revenue (loss) on the finish of the interval 0

*the reserve is ready as much as purchase personal shares
*** 0.12 EUR is paid per share

6. Presentation of the competence of the administration firm of INVL Baltic Actual Property to approve the remuneration coverage of INVL Baltic Actual Property

6.1. Shareholders know that in accordance with Article 15 of the Legislation on Different Managers of Collective Funding Schemes of the Republic of Lithuania, INVL Baltic Actual Property is topic to the compensation coverage for workers making selections on danger taking ready by the administration firm and its approval. is the accountability of the administration firm of INVL Baltic Actual Property.

6.2. In view of the Firm’s consultations with the Supervisory Authority, INVL Baltic Actual Property informs that sooner or later the administration firm will approve adjustments to the remuneration coverage of workers taking selections on danger taking with out approval. (resolution) separate from the overall assembly of shareholders of INVL Baltic Actual Property and can publish the present model of the administration firm’s remuneration coverage for workers making risk-taking selections on the corporate’s web site .

6.3. On December 21, 2020, the administration firm authorised a brand new wording of the compensation coverage for workers making risk-taking selections, which applies to the corporate (connected).

6.4. No resolution is taken on this agenda merchandise.

7. In regards to the discount of the approved capital of INVL Baltic Actual Property

7.1. In an effort to cancel the 5,088,586 personal bizarre registered shares acquired by INVL Baltic Actual Property as a part of the share buyback course of, the Firm’s share capital will likely be decreased from EUR 19,067,500 to EUR 11,689,050.30. The share capital is decreased by the cancellation of 5,088,586 registered bizarre shares with a nominal worth of EUR 1.45 issued by INVL Baltic Actual Property, which have been acquired by the Firm itself.

8. In regards to the buy of personal shares of the particular closed-type actual property funding firm INVL Baltic Actual Property

8.1. Authorize the administration firm to make use of the reserve constituted (or a part of it) for the acquisition of personal shares and to buy shares of INVL Baltic Actual Property in response to the principles talked about under:

  1. The target of buying personal shares – discount of the low cost between the web asset worth and the market share value of INVL Baltic Actual Property and the opportunity of promoting its shares to shareholders;
  2. The utmost variety of shares to be acquired can not exceed 1/10 of the approved capital of INVL Baltic Actual Property;
  3. The interval throughout which INVL Baltic Actual Property should purchase its personal shares is eighteen months from the date of this decision;
  4. The utmost and minimal acquisition value of INVL Baltic Actual Property shares: the utmost acquisition value of a share – the final web asset worth per share introduced, the minimal acquisition value of a share – 1.45 EUR;
  5. The situations of sale of the bought shares and the minimal sale value: the personal shares acquired could be canceled by resolution of the Normal Assembly of shareholders or offered by resolution of the administration firm offered that the minimal sale value of the personal shares is the same as the final web asset worth and the process for promoting the shares will assure equal alternatives for all shareholders to accumulate mentioned shares;
  6. The administration firm is delegated on the premise of this decision and the Firm Legislation of the Republic of Lithuania to prepare the acquisition and sale of personal shares, set up the process for the acquisition and sale of personal shares. and figuring out a purchase and promote order and schedule. of personal shares in addition to the quantity of shares and the value of shares, and to hold out all different actions associated to the method of shopping for and promoting personal shares.

9. In regards to the formation of the supervisory board of INVL Baltic Actual Property and the election of the members of the supervisory board

9.1. In accordance with Article 19, paragraph 2, of the Firm Legislation of the Republic of Lithuania, set up a collegial supervisory physique of INVL Baltic Actual Property – the supervisory board, and elect the next individuals as members for a mandate of 4 (4) years:

1) Raimondas Rajeckas (private code and place of residence not disclosed);

2) Audrius Matikiūnas (private code and place of residence not disclosed);

3) Eglė Surplienė (unbiased member) (private code and place of residence omitted).

9.2. Members of the Supervisory Board will solely have the ability to take up their duties after (i) their appointments have been authorised by the Financial institution of Lithuania, (ii) the amended articles of affiliation of the corporate will likely be entered within the Register of State Authorized Individuals. Enterprise Middle of Registers and (iii) amendments thereto are authorised by Financial institution of Lithuania.

9.3. Authorize the administration firm of INVL Baltic Actual Property to signal, ship and gather all paperwork and take all essential actions in reference to this resolution.

10. In regards to the approval of the remuneration coverage of the supervisory board of INVL Baltic Actual Property

10.1. In accordance with Article 37, paragraph 3 of the Firm Legislation of the Republic of Lithuania, approve the remuneration coverage of the actual property supervisory board of INVL Baltic.

10.2. It needs to be famous that the compensation coverage for workers making selections on danger taking authorised by the board of administrators of the administration firm will stay in pressure and will likely be enforced by INVL Baltic Actual Property.

11. In regards to the willpower of the remuneration of the unbiased member of the Supervisory Board of INVL Baltic Actual Property

11.1. Set the hourly compensation of the elected unbiased member of the Supervisory Board of INVL Baltic Actual Property at EUR 145 per hour (earlier than tax) for his service on the Supervisory Board of INVL Baltic Actual Property.

12. In regards to the modification of the articles of affiliation of INVL Baltic Actual Property, the approval of the brand new model of the articles of affiliation and the appointment of an individual approved to signal the brand new model of the articles of affiliation

12.1. In mild of the choices of this Normal Assembly of Shareholders on gadgets 7 and 9 of the agenda, to approve a brand new model of the Articles of Affiliation of the Firm (the draft of the Articles of Affiliation is connected hereto), by changing the ‘full textual content of the articles of affiliation (with out additional approval of the modifications of particular person clauses of the articles of affiliation).

12.2. Authorize Vytautas Bakšinskas (with the correct of sub-delegation) to signal the brand new wording of the articles of affiliation of the Firm and to register it in accordance with the process established by regulation and the Normal Assembly of Shareholders.

13. Relating to the approval of the brand new wording of the Coverage on INVL Baltic Actual Property Transactions with Associated Events

13.1. In view of the choice of this normal assembly of shareholders on agenda merchandise 8 and in accordance with Article 32, paragraph 1, paragraph 3 of the Firm Legislation of the Republic of Lithuania, to approve a brand new wording of the Associated Occasion Transactions coverage.

14. Relating to the election of the members of the Audit Committee of INVL Baltic Actual Property

14.1. Bearing in mind that the mandate of the members of the audit committee of INVL Baltic Actual Property expires in 2021, Dangute Pranckėnienė (unbiased member) and Tomas Bubinas (unbiased member) are elected to the audit committee of INVL Baltic Actual Succession for a brand new time period of 4 (4) years.

15. Relating to the report of the Audit Committee of INVL Baltic Actual Property

15.1. In accordance with the interior laws of the Audit Committee of INVL Baltic Actual Property (authorised on April 11, 2017 by resolution of the Normal Assembly of Shareholders of the Firm), the shareholders are knowledgeable of the exercise report of the Audit Committee of ‘INVL Baltic Actual Property (connected) (no resolution taken on this agenda merchandise).

The individual approved to supply further data:
Actual property fund supervisor of a administration firm
Vytautas Bakšinskas
E-mail [email protected]


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