Resolutions of the General Ordinary Shareholders Meeting of INVL Technology

Core Points - The General Ordinary Shareholders Meeting of INVL Technology was held on April 30, 2025, where various reports and resolutions were presented and approved, including the annual management report for 2024 and the independent auditor's report [1][2][15] - The company reported a net profit of EUR 8.09 million for 2024, which is a 56.6% increase compared to 2023, and its equity and net asset value reached EUR 51.43 million, an 18.2% increase year-over-year [16] - The shareholders authorized the acquisition of up to 10% of the company's authorized capital within 18 months, with a maximum purchase price based on the last published net asset value per share and a minimum price of EUR 0.29 [17][18] Financial Reports - The annual management report for 2024 was presented, detailing the company's performance and financial standing [1] - The independent auditor's report on the financial statements and annual management report was also presented, confirming the accuracy of the financial data [2] Profit Distribution - The profit distribution for the company was outlined, with a total distributable profit of EUR 29.762 million at the end of the financial year [6] - The company did not allocate any profit for dividends or other distributions in this meeting [6] Share Buyback and Capital Management - The management was authorized to use reserves for the purchase of its own shares, with specific conditions for the cancellation of shares exceeding a certain threshold [8][12] - The aim of the share buyback is to fulfill obligations related to stock option programs and to potentially reduce the authorized capital [18] Audit Committee - The shareholders elected three members to the Audit Committee for a new four-year term, ensuring continuity in oversight [11][18] - The hourly remuneration for Audit Committee members was set at EUR 200 before taxes [13] Company Overview - INVL Technology is an investment company focused on IT businesses, including cybersecurity and fintech sectors [19] - The company is managed by INVL Asset Management and is required to exit its investments by mid-July 2026 [20]