Correction: INVL Technology’s results for 9 months of 2019

The special closed-ended private equity investment company INVL Technology (hereinafter – the Company)  is providing corrected versions of the announcements published on 29 October 2019 in Lithuanian and English regarding the Company’s operating results for 9 months of 2019. Because the value of the Andmevara group changed due to dividends that its businesses paid each other, INVL Technology’s income from the revaluation of financial assets decreased by EUR 51 000 and in consequence its equity and net asset value changed. These figures have been corrected in the text of the announcement and in the factsheet.

The Company hereby publishes the corrected announcements and factsheets in the Lithuanian and English languages regarding INVL Technology’s results for 9 months of 2019.

The equity of INVL Technology and the Company's net asset value as of 30 September 2019 was EUR 27.44 million or EUR 2.25 per share. At the end of 2018, these figures were EUR 28.02 million and EUR 2.30 respectively.

Investments of the Company into managed companies amounted to EUR 24.55 million at the end of September 2019 and EUR 24.23 million at the end of 2018.

The net loss of the Company for 9 months of 2019 was EUR 580 thousand; the net profit of the Company for 9 months of 2018 amounted to EUR 103 thousand.

The person authorized to provide additional information:

Kazimieras Tonkūnas

INVL Technology Managing Partner

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