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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].