Shareholders in Zaharni Zavodi AD-Gorna Oriahovitsa will vote allocation of 2006 profit as well as retained profit from previous years to the Reserves Fund, BSE Sofia’s website announces.

According to the proposal a total of 10 % from the 6.193 mln leva of the company’s profit will go to the Reserves Fund and 90 % to the Additional Reserves Fund.

Shareholders will also vote the approval of a contract for grain delivery between Zaharni Zavodi AD and Zahar Invest AD.

The final date for transacting shares of the company as a result of which the holder will be able to exercise their voting rights at the forthcoming General Meeting is 6 June 2007.

It was announced a month ago that in 2006 Zaharni Zavodi invested a total of 5.07 mln leva in modernization and reconstruction of production capacities.

The company reported a 632 000 leva loss for 2007’s first quarter in comparison to a 14 000 profit for the same period last year.

72 shares of the company were sold today at levels ranging between 85.00 and 86.44 leva/share.