Veliko Tarnovo-based Momina Krepost Jsc (

) has appointed an extraordinary meeting of shareholders March 20, in order to vote a proposal for a six-fold capital increase to 1.69 mln leva.

The hike is in the amount of 1,409,320 leva. The company will use its Additional Reserves fund to issue 1,409,320 new registered paperless voting shares with a face value of 1 lev.

Momina Krepost's capital currently stands at 281,864 leva. Each shareholder shall receive 5 new shares for free.

Shareholders will also dismiss Tsonko Nedyalkov and Svetlana Kircheva as members of the Board of Directors and discuss the nominations of Ognyan Donev and Minko Minkov.

Sopharma controls (directly or via related parties) a total of 45.81% of the company's capital.

In case no quorum is present at the meeting, it shall be adjourned to April 10, 2008 at 13.30 h, at the same venue and the same agenda.

The final date for transacting the stock, as a result of which the holder will be entitled to voting rights at the forthcoming EMS is March 4, 2008.

Momina Krepost's core activity includes development, installation and manufacture of medical equipment, trade and production of household and agricultural goods.

Shares have added 9.46% so far today to an average of 76.04 leva. Bids and asks are at 75 and 80 leva, respectively.