Ex-Dividend Date For Stara Planina Hold Today

Today (27 June) is the final date for trade with the shares of Stara Planina Hold entitling investor to receive new shares from the capital increase of the company, as well as to dividend.

The general meeting of shareholders held 15 June approved capital increase from 1.75 mln leva (894,760 euros) to 21 mln leva (10.737 mln euros), using accrued reserves and retained profit from prior periods.

As a result, each shareholder will receive 11 new shares for free, as well as gross dividend in the amount of 0.1419 leva/share (0.132 leva net dividend).

Stara Planina Hold posts 1Q profit in the amount of 1.588 mln leva (811,931 euros), or 0.85 leva per share, compared with 588,000 leva (300,639 euros), or 0.336 leva per share, for the respective period a year ago.

Net sales revenues for the period are up 28.9% to 22.39 mln leva (11.447 mln euros), against 17.37 mln leva (8.881 mln euros) last year. The company's stock was traded at levels between 67.26% and 68.00% yesterday.

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