Resolutions of the General Extraordinary Shareholders Meeting of INVL Technology
June 06 2023 - 1:10AM
Resolutions of the General Extraordinary Shareholders Meeting of
INVL Technology
The resolutions of the General Extraordinary
Shareholders Meeting (hereinafter – "the
Meeting") of special closed-ended type private equity
investment company INVL Technology (hereinafter – “the
Company”) that was held on 6 June 2023:
1. Regarding the approval of the terms
of share options.
1.1. Shareholders have approved that option
agreements with employees of the Company’s subsidiaries (companies
of which more than 2/3 of the shares are owned by the Company by
right of ownership) would be concluded in 2023 under which
employees of the subsidiaries of the Company by 30 June 2026 and
according to the procedure and time-limits prescribed by the option
agreements will be granted the right to acquire free of charge up
to 27,500 ordinary registered shares of the Company with the value
of EUR 0.29 per share.
1.2. Considering the fact that employees of the
subsidiaries are granted with the right to acquire shares of the
Company free of charge (that is, employees will not pay for the
acquired shares of the Company), decided to approve than when
own shares acquired by the Company are handed over to employees of
the subsidiaries, the subsidiaries shall, within 10 business days
after their employees acquire the right of ownership to the
Company’s shares, compensate to the Company for the cost of
acquisition of these shares.
Additional information:
The shareholders of INVL Technology, a company
that invests in IT businesses, approved at a meeting on 6 June the
terms and conditions of stock options for employees of the
businesses it owns.
Under these terms and conditions, option
agreements will be signed with employees of the company’s
subsidiaries in 2023, on the basis of which the employees would
obtain the right to acquire up to 27,500 shares of INVL Technology
free of charge by 30 June 2026 according to the terms and
procedures set out in the option agreements.
As the employees of the subsidiaries are being
given the right to acquire INVL Technology shares free of charge
(they do not have to pay for the shares), when employees of
subsidiaries acquire the ownership of INVL Technology shares, their
companies shall compensate INVL Technology for the cost of
acquiring those shares.
INVL Technology owns the cybersecurity company
NRD Cyber Security, the Novian software services and IT
infrastructure group, and, in the area of business climate
improvement and e-governance, the NRD Companies businesses.
INVL Technology is a closed-end investment
company traded on the secondary list of the Nasdaq Vilnius stock
exchange (INC1L). It is managed by INVL Asset Management. INVL
Technology’s investments will be realised by 14 July 2026, the
proceeds will be paid out to shareholders, and the fund will wind
down.
The person authorized to provide additional
information:Kazimieras TonkūnasINVL Technology Managing
PartnerE-mail k.tonkunas@invltechnology.lt
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