Elprom ZEM Shareholders to Vote Profit Allocation
Elprom ZEM AD-Sofia is appointing a General Meeting of Shareholders on 12th June 2007 at which profit allocation for 2006 will be voted, BSE-Sofia announced.
According to the draft agreement the profit amounting to BGN 2 257 749.99 is to be allocated as follows: BGN 957 514.44 to be used for covering losses from prior periods and BGN 1 300 234.55 to be set aside to the undistributed profit.
In case of an inquorate meeting the GMS will be held on 27th June 2007 at 11.00h at the same location and under the same agenda.
The final date for transacting the shares of this company on the BSE as a result of which the holder will be entitled to exercise their voting rights at the GMS is 23rd May 2007.
ZMM Bulgaria Holding AD which is owned by Industrial Holding Bulgaria holds 79.75 percent of the capital of Elprom ZEM.
Today just 40 of the company’s shares were traded at an average of BGN 22 which is a 0.69 percent rise on the position.