Trace Group Hold's (

) capital may be raised up to 20-fold with a decision of the Board of Directors of the company for the issuing of new shares for a period of five years. The proposal is on the agenda of the general shareholders' meeting of the company, scheduled for May 21.

The shareholders will also have to decide whether preferred stock should be issued, excluding shares entitling the right to more than one vote or additional dividend, x3news reported.

A decision for the distribution of the 2007 profit and the retained profit from previous years should also be made.

A total of 1,134 shares in Trace Group Hold traded hands on the Bulgarian Stock Exchange today at prices ranging between 112.5 and 116.6 leva per share. As a result, the stock price of the company went up by 1.74% to an average of 114.31 leva per share.

The company plans to make over 30 mln leva investments in 2008. The investments will be funded with the proceedings raised from the IPO of the company, as well as with lease contracts.

Trace Group Hold booked 25.165 mln revenue for 2007. The costs of the company amounted to 19.371 mln for the same year. The road construction company posted 5.794 mln leva accounting profit last year, while the profit tax of the company came to 581,000 leva.