INVL Baltic Real Estate Shareholders Meeting Resolutions
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Resolutions from the INVL Baltic Real Estate Shareholders Meeting
The resolutions from the General Extraordinary Shareholders Meeting of the special closed-ended type real estate investment company INVL Baltic Real Estate are a significant event for the organization. These resolutions aim to outline the direction and future strategies of the Company following discussions and deliberations among its shareholders.
Approval of Reorganization Participation
A central point of discussion was the amendment to a previous decision regarding the Company's involvement in a reorganization process. This step is crucial as it defines the terms and conditions under which the Company will proceed with its operations.
Amendment Details
The specific amendment involved rewording a clause from the earlier decision made during the General Ordinary Shareholders Meeting held on April 30, 2024. The board instructed the management of INVL Baltic Real Estate Management Company to prepare the terms of reorganization and the Articles of Association by the end of the year.
Management Instructions
Under the new amendment, the management of the Company has been empowered to proceed with the necessary preparations in line with legal requirements. This move highlights the Company's commitment to complying with the Civil Code of the Republic of Lithuania during this process.
Remaining Decisions Validated
Despite the amendments made, the remaining decisions from the April 30, 2024 meeting regarding the reorganization participation remain in effect. This validation assures shareholders that previously agreed terms will continue to govern the company's actions.
Contact Information for Additional Queries
For further inquiries related to the meeting resolutions, Vytautas Bakšinskas, the Real Estate Fund Manager of the Management Company, is available to provide additional information. Interested parties can reach him via email at vytautas.baksinskas@invl.com.
Frequently Asked Questions
What was the main purpose of the INVL Baltic Real Estate Meeting?
The main purpose was to discuss and approve amendments related to the Company’s participation in a reorganization process.
What specific resolutions were made?
The meeting resulted in the amendment of previously approved terms concerning the reorganization and management instructions regarding its preparation.
Who can provide more information about the resolutions?
Vytautas Bakšinskas, the Real Estate Fund Manager, is the designated contact for any additional inquiries.
Are previous decisions still applicable after the amendments?
Yes, the remaining decisions from the April 30, 2024 meeting remain valid and in effect.
What is the deadline for the management to prepare the terms of reorganization?
The management has been instructed to prepare the terms by December 31, 2024.
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