Bulgarska Roza Sevtopolis Buys Land Worth 1.12 Mln Leva

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Bulgarska Roza Sevtopolis has acquired 10 672 sq m of land from a regulated property in Kazanlak. The company paid 1.12 mln leva (572,647 euros) for the parcel, BSE reports.

New production capacities, equipped with latest technolgy, will be build on the parcel, as well as warehouses, store pits and others.

The general meeting of shareholders of Bulgarska Roza Sevtopolis scheduled 28 June was not been held, since no quorum was present. It has been adjourned to 13 July, at 11.00 h, same place, same agenda.

The general meeting has to vote a proposal for a capital increase from 6 032 712 leva (3.084 mln euros) to 12 056 424 leva (6.164 mln euros), via the issuance of 6 032 712 new shares with a face vale of 1 lev.

Shareholders will also vote the allocation of 2006 profit, which is in the amount of 1.608 mln leva (822,157 euros). The proposal is to set 10% to the Reserves Fund, and to use to rest for covering losses from prior periods.

The company's core activities include production and trade with rose-oil, perfumery, cosmetics and medicines. Sopharma AD controls 49% of capital, and Telso AD has 6.6%.

5294 shares changed hands on the position today at an average of 6.16 leva /share.

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