INVL Technology
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The new wording of the Articles of Association of INVL Technology was registered
Globenewswire· 2026-02-17 14:46
INVL Technology (hereinafter – “the Company“) informs that on 17 February 2026 a new wording of the Articles of Association of the Company was registered in the Register of Legal Entities. The new wording of the Articles of Association was approved on 5 February 2026 during the Extraordinary General Shareholders Meeting. According to the provisions of legal acts, the registered Articles of Association will be submitted to the Bank of Lithuania. The person authorized to provide additional information:Kazimie ...
INVL Technology shareholders approve extension of operational term by two years
Globenewswire· 2026-02-05 07:50
Core Viewpoint - INVL Technology has successfully extended its operational term by two years, now set to end on 14 July 2028, to enhance strategic flexibility and complete its investment cycle effectively [2][4]. Group 1: Operational Extension - The Extraordinary General Meeting of Shareholders held on 5 February 2026 approved the proposal to extend the company's operational term [1][3]. - The operational term was previously scheduled to end on 14 July 2026 and is now extended to 14 July 2028 [2][4]. Group 2: Strategic Implications - The extension of the operational term is aimed at ensuring strategic flexibility and facilitating the smooth completion of the investment cycle, focusing on long-term value creation for shareholders [2][5]. - Kazimieras Tonkūnas, Managing Partner of INVL Technology, emphasized that the decision allows for the best outcomes for investors while continuing to enhance the value of portfolio companies [5]. Group 3: Financial Performance - INVL Technology reported a net profit increase of 89% year-on-year for the first nine months of 2025, amounting to EUR 2.1 million [7]. - As of 30 September 2025, the company's equity stood at EUR 53.36 million [7].
Resolutions of the Extraordinary General Shareholders Meeting of INVL Technology
Globenewswire· 2026-02-05 07:50
Group 1 - The General Extraordinary Shareholders Meeting of INVL Technology was held on February 5, 2026, to discuss the extension of the Company's term of activity and related amendments to the Articles of Association [1] - Shareholders voted to extend the Company's term of activity by 2 years [2] - The Company’s Articles of Association allowed for a term extension of up to 2 years, and shareholders confirmed their agreement to this resolution being adopted less than 6 months prior to the expiry of the current term [3] Group 2 - The shareholders approved a new wording of the Company's Articles of Association, which included amendments that are not considered material [4] - The entire text of the Articles of Association was replaced without approving individual clauses separately [5] - Kazimieras Tonkūnas was authorized to sign the new Articles of Association and register it according to applicable laws [5] Group 3 - The final term of the Company's activity is established to be 12 years from the issuance of the closed-ended investment company license, with related provisions for term extension being removed [7]
INVL Technology selects ICON Corporate Finance as its new investment adviser
Globenewswire· 2026-01-22 07:45
Core Viewpoint - INVL Technology has selected ICON Corporate Finance as its M&A investment adviser to facilitate the sale of its entire portfolio of companies, leveraging ICON's expertise in technology sector transactions and international buyer network [1][2][4]. Group 1: M&A Advisory Selection - The decision to choose ICON Corporate Finance was based on its extensive experience in technology M&A and its capability to manage structured sales processes globally [2][5]. - ICON Corporate Finance will act as an intermediary in the sale of INVL Technology's portfolio companies, which includes notable IT businesses [4][6]. Group 2: Portfolio and Financial Performance - INVL Technology's portfolio includes companies such as NRD Cyber Security, NRD Companies, and Novian, which operate in the Baltic region [9]. - The company's net profit for the first nine months of 2025 increased by 89% year-on-year to EUR 2.1 million, with equity standing at EUR 53.36 million as of 30 September 2025 [10]. Group 3: Future Plans and Meetings - The realization of the portfolio is planned to be completed by mid-July 2026, with an Extraordinary General Meeting of Shareholders scheduled for 5 February 2026 to propose extending the company's term of activity for two years [8].
Convocation of the Extraordinary General Meeting of Shareholders of INVL Technology
Globenewswire· 2026-01-14 14:13
Special closed-ended type private equity investment company INVL Technology, legal entity code 300893533, the registered address Gyneju str. 14 Vilnius, Lithuania (hereinafter – “the Company” or “ INVL Technology”), informs that on the initiative and decision of the management company UAB „INVL Asset Management“ (hereinafter – “the Management Company“), the Extraordinary General Shareholders Meeting (hereinafter – “the Meeting”) is to be held on 5 February 2026. The place of the Meeting: the office of the ...
INVL Technology proposes shareholders extend its term of operations by 2 years
Globenewswire· 2026-01-14 14:09
Core Viewpoint - INVL Technology plans to hold an extraordinary general meeting to propose extending its operational term until 14 July 2028, allowing for the completion of the investment cycle and maximizing shareholder returns [1][2][5]. Group 1: Company Operations - The current Articles of Association allow INVL Technology's operations to continue until 14 July 2026, with a potential extension of up to two years [2][5]. - The company believes that some portfolio companies have significant growth potential, making the extension beneficial for optimizing the investment cycle [3][6]. Group 2: Financial Performance - As of 30 September 2025, INVL Technology's equity stood at EUR 53.36 million [7]. - The portfolio companies are experiencing a mature growth stage, expanding faster than the B2B technology market while maintaining profitability and generating positive free cash flows [7]. Group 3: Company Structure - INVL Technology is a closed-end investment company managed by INVL Asset Management, owning three businesses: NRD Cyber Security, NRD Companies, and Novian, which operate across the Baltic region [8]. - The company is set to announce its preliminary financial results for 2025 on 4 March 2026 [8].
INVL Technology investor's calendar for 2026
Globenewswire· 2025-12-22 14:24
INVL Technology plans to publish information to investors in 2026 in accordance with the following calendar: 4 March 2026 – Preliminary operating results for 2025; 3-7 April 2026 – Audited financial reports and annual management report; 30 April 2026 – Net Asset Value and factsheet for 3 months of 2026;31 August 2026 – Net Asset Value and semi-annual management report for 6 months of 2026.;30 October 2026 – Net Asset Value and factsheet for 9 months of 2026. The person authorized to provide additional infor ...
INVL Technology results for 9 months of 2025
Globenewswire· 2025-10-31 07:05
Core Insights - The company INVL Technology reported a net profit of EUR 2.1 million for the first nine months of 2025, representing an 89% increase compared to EUR 1.11 million in the same period of 2024 [2][3]. - The company's equity and net asset value as of September 30, 2025, were EUR 53.36 million and EUR 4.46 per share, reflecting increases of 3.8% and 4% respectively since the beginning of the year [1][3]. - The company anticipates double-digit growth in 2025 based on the performance of its portfolio companies and is preparing for an active phase of divestment [4]. Financial Performance - The aggregated revenues of INVL Technology's portfolio companies reached EUR 52.27 million in January-September 2025, a 7.9% increase from the same period last year [5]. - The gross profit of these companies increased by 22.6% to EUR 17.20 million, while aggregated EBITDA grew by 69.9% to EUR 3.84 million [5]. Portfolio Company Highlights - NRD Cyber Security reported a 69.4% increase in consolidated revenue to EUR 9.92 million, with gross profit growing by 44.3% to EUR 4.33 million and EBITDA doubling to EUR 1.86 million [6]. - NRD Companies achieved consolidated revenue of EUR 8.40 million, an increase of 22.1%, with gross profit rising by 18.3% to EUR 3.89 million and EBITDA growing by 62.8% to EUR 1.12 million [7]. - Novian's consolidated revenue was EUR 25.79 million, a decrease of 16% compared to the previous year, while gross profit fell by 6% to EUR 6.23 million; however, normalized EBITDA increased by 9.3% to EUR 1.95 million [8].
Announcement of the net asset value of INVL Technology as of 30 September 2025
Globenewswire· 2025-10-31 07:05
Core Point - The net asset value of INVL Technology as of September 30, 2025, is reported to be EUR 53,364,688, equating to EUR 4.4603 per share [1] Summary by Category - **Net Asset Value**: The net asset value of the company is EUR 53,364,688, which translates to EUR 4.4603 per share as of September 30, 2025 [1]
NRD Cyber Security completes successful phase in Bangladesh and plans to focus on regional expansion
Globenewswire· 2025-10-24 06:30
Core Viewpoint - NRD Cyber Security has decided to liquidate its Bangladesh-based entity while continuing its operations in the region without a registered legal entity [1][2]. Group 1: Company Actions - NRD Cyber Security has been operating in Bangladesh since 2015, contributing to the development of national cybersecurity capabilities [2]. - The company controls 99% of NRD Bangladesh's shares, which will be purchased by its founder, Norway Registers Development AS, to facilitate the liquidation [3]. - The planned liquidation will not impact the overall value of NRD Cyber Security or Norway Registers Development AS [3]. Group 2: Business Focus - NRD Cyber Security aims to focus on business development in the Indo-Pacific region following the liquidation of its Bangladesh entity [2]. - The company provides a range of cybersecurity solutions and consulting services, aiming to create secure digital environments for various stakeholders [4].