On a general meeting held today the shareholders of CB Bulgarian American Credit Bank AD-Sofia (BACB) approved the proposal to distribute a gross dividend of 0.75 leva/share (0.6975 leva/share net), BSE reported.
Shareholders also decided to allocate 24.217 mln leva of the bank’s 2006 total profit of 33.686 mln leva to the “Reserves” fund, and to distribute the remaining 9.468 mln leva between the shareholders as dividend.
According to the latest available information Bulgarian-American Investment Fund USA, Chicago holds 53.88% of BCAB’s capital, while Emerging Markets-Grand Cayman, Georgetown and Balkan Ventures LLC control 10.02 and 9.99% respectively.
35 shares on this position changed hands yesterday at levels between 69.40 and 69.60 leva/share.
Dividend payment date: 31 May 2007.
Ex-dividend date: 27 April 2007.