Bulgartabac Seeks Shareholder Approval To Distribute 6.8 Mln Leva as Dividend

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Bulgartabac Seeks Shareholder Approval To Distribute 6.8 Mln Leva as Dividend

The shareholders of Bulgartabac Holding will put to vote at a general meeting a proposal for the distribution of 6.835 mln leva (3.49 mln euros) as dividend, X3News reported.

The gross dividend per share will amount to 0.89 leva (0.45 euros), while the net dividend will stand at 0.85 leva (0.43 euros) per share.

The company decided to distribute 19.375 mln leva (9.9 mln euros) as dividend for 2006, which translated into 2.63 leva (1.34 euros) gross dividend per share (2.446 leva net dividend). The shareholders in the tobacco holding received 0.70 leva net dividend per share on 2006.

The final date for acquiring stock in the company, which will enable shareholders to exercises their voting rights at the general meeting, is set for June 10, 2008.

Bulgartabac Holding booked 1.741 mln leva (890,160 euros) non-consolidated profit in the first quarter of 2008, compared to the 2.55 mln leva (1.3 mln euros) profit posted for the year-ago period. The state holds a 79.83-percent stake in the company.

No deals have been sealed on the position of Bulgartabac Holding on the Bulgarian Stock Exchange today. The ask/bids stand at 25.11/29.00 leva per share.

Photo: BGNES/ЕРА

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