In accordance with Article 65(1) of the Republic of Lithuania Law on Companies, we hereby notify of the terms of the reorganisation of the special closed-end real estate investment company INVL Baltic Real Estate (hereinafter – INVL Baltic Real Estate), code: 152105644, registered office address: Vilnius, Gynėjų g. 14 and the joint stock company Pramogų bankas (hereinafter – AB Pramogų bankas), code: 300044665, registered office address: Vilnius, A. Stulginskio str. 8, on the basis of which AB Pramogų bankas is merged with INVL Baltic Real Estate, that is continuing operations and which owns 100% of the shares of AB Pramogų bankas (the provisions of Article 70 of the Republic of Lithuania Law on Companies are applied to the merger).
The reorganisation period will continue until a new version of the Articles of Association of INVL Baltic Real Estate, which will operate after the reorganisation, is registered in the Register of Legal Entities.
INVL Baltic Real Estate will take over all the assets, rights, and obligations of AB Pramogų bankas, all of the rights and obligations of AB Pramogų bankas by transaction will be transferred to INVL Baltic Real Estate, AB Pramogų bankas transactions will be included in the financial accounting of INVL Baltic Real Estate when amended Articles of Association of INVL Baltic Real Estate are registered the Register of Legal Entities, without signing acts of acceptance and transfer confirming this.
It should be noted that the number of votes held by the shareholders of INVL Baltic Real Estate, when calculating the quorum of the general meeting of shareholders, the number of shares, their nominal value and the share in the total capital will not change after the reorganization.
The Terms of Reorganisation, the new version of the Articles of Association of INVL Baltic Real Estate, and other documents and information provided for in the reorganisation terms and legal acts, can be accessed in Vilnius at Gynėjų g. 14 or on the website of INVL Baltic Real Estate https://bre.invl.com/en/. Additional information is provided by phone, +370 527 90601, and email: vytautas.baksinskas@invl.com
On the basis of Article 66(2) of the Republic of Lithuania Law on Companies, creditors of the companies may submit their claims from the first day of publication of the terms of reorganisation until the general meeting of shareholders the agenda whereof provides for the adoption of a decision on reorganisation of the relevant company.
INVL Baltic Real Estate financial information and reports are available here.
The person authorized to provide additional information:
Real Estate Fund Manager of Management Company
Vytautas Bakšinskas
E-mail vytautas.baksinskas@invl.com
Attachments:
1. Terms of reorganisation_lithuanian only.pdf
2. AB Pramogų bankas set of financial statements for 2021 (lithuanian only).
3. AB Pramogų bankas set of financial statements for 2022 (lithuanian only).
4. AB Pramogų bankas set of financial statements for 2023 (lithuanian only).
5. AB Pramogų bankas balance sheet for 30 June 2024 (lithuanian only).
6. AB Pramogų bankas profit and loss account for 30 June 2024 (lithuanian only).