Gamacabel General Meeting To Vote A 10 Mln Euro Credit From FIB

Gamacabel AD Smolyan is appointing a general meeting of shareholders 12 October in order to discuss the company's investment program for the period 2007-2008, BSE reports.

Shareholders will vote the proposal of the Board of Directors to finance the company's investment program with a credit from First Investment Bank. Under the proposal, the company will apply for a credit in the amount of 10 mln euros for a period of 10 years.

Shareholders will also vote a proposal to use retained profit from prior periods, as well as 2006 profit, to cover losses from previous years.

In case no quorum is present, the meeting shall be adjourned to October 30, at 11.00 h, same venue, same agenda.

The final date for transacting the shares of the company as a result of which the holder will be entitled to voting right at the forthcoming general meeting is 26 September.

Tradespot Investment controls 48.04% of the company's capital, while Marengo Trading LTD has 43.4%.

65 shares have changed hands so far today on the BSE at an average of 40.62 leva.

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