Balkan Progetti Management To Distribute Dividend, Sell Properties

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Balkan Progetti Management To Distribute Dividend, Sell Properties

Balkan Progetti Management EAD () will distribute its 2007 net profit of 1.32 mln leva (674,900 euros) as dividend, or 13.165 leva dividend per share, the shareholders of the company decided at a general meeting held on June 18.

The shareholders also voted in favor of the sale of real estate properties of the company as well as the transformation of the company from EAD into AD.

The company will also mortgage three buildings on the territory of the Verilla plant in order to obtain a refinancing loan, the shareholders decided.

Dividend payments will start on July 1. Shareholders of record with the Central Depository before July 2 will be entitled to dividend.

No deals on the position of Balkan Progetti Management have been sealed so far today on the Bulgarian Stock Exchange (BSE). The bids range between 110 and 138 leva per share. Three shares in the company changed hands on BSE yesterdat at a price of 169 leva apiece.

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