The capital will be increased via the issuance of 3,493,400 new shares with a face value of 1 lev each using excess funds from the “General Reserves” fund exceeding the legal amount of 1/10 from the capital - 171,146.94 leva, and 3,322,253.06 leva from the “Other Reserves” fund.
The new shares will be distributed between the shareholders in proportion to their interest in the company’s capital - each investor will receive 10 new shares for each one of their old share.
Shareholders will also vote a resolution to distribute the company’s 2006 fiscal result. According to the plan 1,995,294 leva of the 2006 profit will be allocated to the “Other Reserves” fund, and 139,736 leva will go for a dividend of 0.40 leva/share.
Information about the GMS is published based on the publication in the State Official Gazette. BSE-Sofia has not received any invitation and materials about the GMS from the company.
The main shareholders in Energoremont Holding AD-Sofia are Milenia 77 Ltd. with 33.46% of its capital, Conventional Energy Systems AD holds 32.39%, and Bulgarian Energy AD - 31.73%.
Energoremont Holding’s stock gained 5.49% today. 50 shares changed hands at an average price of 520.9 leva/share.