Meeting of 11 April 2017

Resolutions of the general shareholders meeting of INVL Baltic Real Estate that was held on 11 April 2017:
 
1. Presentation of the special closed-ended type real estate investment company INVL Baltic Real Estate consolidated annual report.
Shareholders of the special closed-ended type real estate investment company INVL Baltic Real Estate are presented with the consolidated annual report of Baltic Real Estate (There is no voting on this issue of agenda).

2. Presentation of the independent auditor's report on the financial statements of the special closed-ended type real estate investment company INVL Baltic Real Estate.
Shareholders of the special closed-ended type real estate investment company INVL Baltic Real Estate are presented with the independent auditor's report on the financial statements of INVL Baltic Real Estate (There is no voting on this issue of agenda).
 
3. On the approval of the consolidated and stand-alone financial statements for 2016 of the special closed-ended type real estate investment company INVL Baltic Real Estate.
To approve the consolidated and companies financial statements for 2016 of the special closed-ended type real estate investment company INVL Baltic Real Estate.
 
4. Regarding the distribution of the special closed-ended type real estate investment company INVL Baltic Real Estate profit.
To distribute the profit of the special closed-ended type real estate investment company INVL Baltic Real Estate as follows:
Article (thousand EUR)
Retained earnings (loss) at the beginning of the financial year of the reporting period 1,091
Net profit (loss) for the financial year 4,710
Profit (loss) not recognized in the income statement of the reporting financial year (242)
Transfers from reserves -
Shareholders contributions to cover loss -
Distributable profit (loss) in total 5,559
Profit distribution: (1,025)
- Profit transfers to the legal reserves (236)
-Profit transfers to the reserves for own shares acquisition -
- Profit transfers to other reserves -
- Profit to be paid as dividends* (789)
- Profit to be paid as annual payments (bonus) and for other purposes -
Retained earnings (loss) at the end of the financial year 4,534
*0.012 EUR is paid for one share

5. Approval of the regulations of the Audit Committee.
To approve the regulations of the Audit Committee of INVL Baltic Real Estate (enclosed).
 
6. Regarding election of the Audit Committee members.
To cancel Danutė Kadanaitė and Thomas Bubinas from INVL Baltic Real Estate audit committee members. To elect Danguolė Pranckėnienė (independent member) and Tomas Bubinas (independent member) to the Audit Committee of INVL Baltic Real Estate for the 4 (four) years term of office.
 
7. Regarding approval of the remuneration for the Audit Committee members.
For a work in the Audit Committee of INVL Baltic Real Estate, to set a rate not higher than EUR 145 per hour. To delegate to the Management company of INVL Baltic Real Estate to determine the remuneration payment procedure for the Audit Committee members.

8. Approval of the Amendment of the Services Agreement of special closed-ended type real estate investment company INVL Baltic Real Estate with AB SEB bankas.
According to the agreement on a 0.04 percentage point lower depository fee, approve the Amendment of the Services Agreement of special closed-ended type real estate investment company INVL Baltic Real Estate with AB SEB bankas (enclosed).
 
Attachments: 

 

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