INVL Baltic Real Estate AB
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Special closed-ended type real estate investment company INVL Baltic Real Estate, legal entity code 152105644, the registered address Gyneju str. 14 Vilnius, Lithuania (hereinafter – the Company or INVL Baltic Real Estate), informs that on the initiative and decision of the management company INVL Asset Management, UAB (hereinafter – the Management Company), the General Extraordinary Shareholders Meeting (hereinafter – the Meeting) is to be held on 21 October 2024:
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 resolutions of the General Extraordinary Shareholders Meeting (hereinafter – the Meeting) of special closed-ended type real estate investment company INVL Baltic Real Estate (hereinafter – the Company) that was held on 23 August 2024:
The net asset value of INVL Baltic Real Estate (hereinafter – the Company), as provided in the Articles of Association section XI 'Valuation of assets of the Company and calculation of the net asset value’, amounted to EUR 23,612,882 or EUR 2.9291 per share on 30 June 2024.
For 6 months of 2024, the unaudited consolidated net profit of the INVL Baltic Real Estate (hereinafter – the Company) group was EUR 0.82 million, revenue was EUR 2.05 million (for 6 months of 2023 consolidated net profit was EUR 0.27 million, revenue was EUR 1.71 million). The unaudited net profit of Company itself amounted to EUR 0.82 million for 6 months of 2024 and EUR 0.27 million for 6 months of 2023.
On 30th of April 2024, the General Shareholders Meeting of INVL Baltic Real Estate (identification code 152105644, address Gyneju str. 14, Vilnius, LT-01109) decided to allocate EUR 0.09 dividend per share.
