Dupnitza-BT to Cover Its 2006 Loss Using Reserves

Dupnitza-BT AD-Dupnitza convenes a general meeting of its shareholders on 21 June, which is expected to vote a proposal to cover the loss, generated by the company last year.

Under the proposal the 499,000 leva loss, accumulated in 2006, will be covered using funds from the “General Reserves” – 291,000 leva, as well as from the “Reserves from following payments” – 208,000 leva.

The last date for transacting shares of this company on the BSE-Sofia, as a result of which the holder will be entitled to exercise their voting right at the general meeting, is 5 June 2007.

Dupnitza-BT’s majority shareholders Bulgartabac-Holding plans to offer 85.35% of the company through auction on the Bulgarian Stock Exchange.

A total of three offers were received within the deadline for submission of offers for Bulgartabac-Holding’s stake (457,952 shares or 85.35%) in the capital of Dupnitza-BG AD

The highest bid price is 101,101.11 leva (0.22 leva/share) or 91,101.11 leva higher than the minimum price of 10,000 leva set for the offered stake. The names of the candidates are Furnir Story Invest, Kyustendil, Cooperation Agra, Dupnitza, and Vencho Bachev, Blagoevgrad.

The draft agreement is due to be reviewed by the corporate bodies of Bulgratabac-Holding AD after which the contract is to be signed and the stake is to be

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