The company will issue 6 032 712 common, paperless shares with a face and issue value of 1 lev. Shareholders also authorized the Board of Directors to take all necessary steps towards implementing the decision, such as to adopt an IPO prospectus and to file it with the Financial Supervision Commission.
The final date for transacting the shares of the company, as a result of which the holder will be entitled to receive new shares from the capital increase is 25 July 2007.
Shareholders also decided that 10% of 2006 profit, which totals 1.608 mln leva (822,157 euros), will go to the Reserves Fund, and the rest will be used to cover losses from prior periods. The money accrued in the company's General reserves fund will also be used to cover losses.
Sopharma AD controls 49% of the capital, and Telso AD has 6.6%.
A total of 6476 shares of Bulgarska Roza Sevtopolis have changed hands so far today at 6.40 leva, which is 2.07% up from yesterday.