INVL Baltic Farmland
The land plot administration agreement with INVL Baltic Farmland, AB and INVL Farmland Management, UAB has been signed
DGAP-News: INVL Baltic Farmland 2015-06-30 / 07:31 --------------------------------------------------------------------- Vilnius, Lithuania, 2015-06-30 07:31 CEST (GLOBE NEWSWIRE) -- INVL Baltic Farmland and group companies made land plot administration agreement with INVL Farmland Management on 30 June 2015. INVL Farmland Management, is a company owned by one of the largest asset management groups in the Baltic region Invalda INVL. The signing of the agreement, which was approved during the shareholders meeting held on 24 March 2015, will be valid from 1 July 2015. As it is stated in the administration agreement, management fees paid to INVL Farmland Management will be 7% of annual rent revenues and 0,5% market capitalization of INVL Baltic Farmland. Success fee is also set and it consists of 20 percent from the share of the return exceeding the pre-determined annual return of 5 percent plus inflation. In the case of bad debts exceeding 5 percent of income, surplus shall be fully compensated by INVL Farmland Management, UAB. The person authorized to provide additional information: Alvydas Banys Chairman of the Board E-mail: alvydas.banys@invaldalt.com News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-06-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: INVL Baltic Farmland Lithuania ISIN: LT0000128753 End of News DGAP News-Service --------------------------------------------------------------------- 373331 2015-06-30
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden