The general meeting of the shareholders (GMS) of Enemona AD-Kozloduy held on 13 April 2007 approved a proposal to increase the company’s capital via IPO under the Law on Public Offerings and Securities, BSE announced.

The shareholders authorized the board of directors to increase the company’s capital up to a nominal amount of 100 mln leva via the issuance of new shares for a period of 5 years after the decision’s approval.

The board has the right to determine the exact amount of the issue, the issue value of the capital increase shares (as an absolute value or minimum limit, which cannot be crossed in the capital increase shares’ subscription), as well as the IPO method.

The shareholders also approved a decision to increase the company’s capital from 6 mln shares distributed in 6 mln class 4 shares to 9,933,600 shares via the capitalization of 3,933,600 leva from the company’s taxed 2006 profit, via the issuance of 3,933,600 new shares of the same class with a face value of 1.000 lev/each.

The new shares will be distributed between the shareholders in proportion to their interest in the capital prior the capital increase. This decision has been approved by the shareholders of each share class.

The general meeting also decided to allocated the remaining 437,154.03 leva of the profit to the “Reserves” fund.

Enemona AD is a private Bulgarian engineering group established in 1990. Its core activities are in the field of construction, conventional and nuclear energy, ecology and industry, energy efficiency.