The Board of the public joint \u2013 stock company \u201eINVALDA\u201c, company code 121304349, address Seimyniskiu str. 1A, Vilnius (hereinafter \u2013 INVALDA AB or the Company), acting in accordance with part 4 of Article 67 of the Law on Companies of the Republic of Lithuania and the split \u2013 off terms announced on February 13, 2013; taking into account the fact that the shares during the split – off will be allocated to the shareholders not proportionally to their ownership in the authorized capital of INVALDA AB, and therefore the shareholders holding the shares the nominal value whereof is less than 1\/10 of the authorized capital of INVALDA AB shall have within 45 days after the adoption of a decision on the split \u2013 off by the general meeting of shareholders of INVALDA AB the to request that their shares be redeemed by INVALDA AB, approved this share redemption procedure:<\/p>\n
The redemption procedure will be implemented through the market of official order of NASDAQ OMX Vilnius stock exchange (hereinafter – Stock Exchange). The redemption price will be set in litas (LTL) and it will be equal to the weighted average price of transactions with Company\u2019s shares on Stock Exchange during the period of six months immediately preceding the General Meeting of Shareholders which has on its agenda the issue of adoption of the decision on the split \u2013 off and the decision on approval of the split \u2013 off terms. The calculated weighted average share price will be rounded up to three decimal figures. The exact share redemption price will be set and published on the day of the General Meeting of Shareholders of INVALDA AB, i.e. April 9, 2013, if the Meeting approves the split \u2013 off and split \u2013 off terms. <\/p>\n
The share redemption will start on the next day after the General Meeting of Shareholders and last 45 days. Share sale orders shall be accumulated during the entire acquisition period. Settlement for the redeemed shares will be made on the next day after the completion of the transaction. The maximum number of shares to be redeemed is 5,180,214, i.e. 1\/10 of the authorized capital. <\/u><\/p>\n
Shareholders of INVALDA AB holding the shares the nominal value whereof is less than 1\/10 of the authorized capital of the Company, shall have the right to provide share sale orders, except the shareholders whose rights to sell shares to the Company during the split – off are limited according to the split \u2013 off terms. In order to provide the share sale order, the shareholders should approach any bank or brokerage house, which has a right to submit orders on the Stock Exchange. <\/p>\n