The general meeting of Holding Patishta approved a proposal for a 1:25 split (reduction of the face value of shares in proportion to increasing their number). The GM was held today at a 68.81% quorum.

Another decision approved today is adoption of the two-level management structure, i. e. the company will be led by a Supervisory Board and a Management Board.

Zanzi Holding BT, Neo Trado and Vato 2002 were released from the Board of Director. Vasil Bojkov, Nove Holding and Anthony Naumov were appointed members of the Supervisory Board.

Holding Patishta's Jan – Sept profit trebled this year. According to the latest consolidated report, profit for the first nine months if the year stands at 16.65 mln leva (8.513 mln euros), compared with 5.43 mln leva (2.776 mln euros) a year ago.

The good result is mainly due to the almost two-fold increase in consolidated revenues, which jumped from 42.88 mln leva to 92.52 mln leva (47.304 mln euros). Sales of services rose the most – from 34.54 mln leva to 67.15 mln leva (34.333 mln euros).

Shares added 3.1% this morning to an average of a little over 39,000 leva. Just 12 shares have changed hands so far today on the BSE. Bids are at 39,500 leva and asks at 38,400 leva.