Today (11 July) is the final date for transacting the stock of Insurance Company Euroins as a result of which the holder will be entitled to receive shares from the capital increase, as well as dividend.

The general meeting of shareholders approved a proposal for both a reduction and an increase in capital. The capital will first be reduced from 7 499 996 leva (3 834 687 euros) to 7 499 994 leva (3 834 686 euros), and then, increased from 7 499 994 leva (3 834 686 euros) to 9 999 992 leva (5 112 914 euros) by transforming part of 2006 profit, which stands at 2 499 998 leva (1.278 mln euros) into capital. The company will issue 2 499 998 new shares with a face value of 1 lev for the purpose.

New shares will be allocated among investors in proportion to their interest in the capital proir to its increase. No real cash payments will be made.

Shareholders also approved to pay out 1 270 000 leva (649,516 euros) as dividend, that is 0.169333423 leva gross dividend per share. Another 467 132.01 leva will go to the Reserves Fund.

For the fiscal 2006 the company posted net profit in the amount of 4 237 130.01 leva (2.166 mln euros) after taxes.

Eurohold Bulgaria is majority shareholder controlling 60.35% of Euroins capital.

In 2007 1Q Euroins posted net profit in the amount of 677,000 leva (346,144 euros), which is four times more than in the respective period a year ago (158,000 leva, or 80,784 euros).

The company's premium income stands at 12.677 mln leva (6.481 mln euros), or 23% up from 2006 1Q.

6325 Euroins shares changed hands in 43 transactions yesterday, generating 110 193.88 leva.