Albena Invest to Allocate 2006 Profit to Reserves

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Albena Invest Holding will hold a general shareholders’ meeting on 9 June 2007 which is expected to discuss a proposal to allocate last year’s profit to reserves, BSE-Sofia reported on its website.

The holding posted a profit of 4.417 mln leva in the end of last year compared to a profit of 7.085 mln leva for 2005.

Ex-dividend date is 22 May 2007.

The capital increase of Idis AD, a subsidiary of Albena Invest Holding AD - Albena resort complex, had been registered by decision of Varna District Court, BSE-Sofia announced yesterday.

The company’s capital has been increased from 55,000 leva to 300,000 leva via the issuance of 245,000 new registered paperless voting shares with a face value of 1 leva/each and issue value of 1.10 leav/each, and under the condition that Albena Invest Holding AD subscribes and acquires 245,000 shares.

Prior the capital increase Albena Invest Holding AD controlled 92.84% of Idis AD’s capital. After the capital increase its stake is 98.69%.

In the first minutes of today’s trading session bids/asks on this position stood at 16.60/16.80 leva/share.

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