Neochim To Pay 0.5 Leva Dividend/Share

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Neochim To Pay 0.5 Leva Dividend/Share

At a general meeting held June 7 shareholders in Neochim () adopted a decision for the distribution of 0.5 leva dividend apiece. That means the company will allocate a total of 1,327,179 leva from its 2007 income (3.01 mln leva, 1.53 mln euros ) for dividend payment. Gross dividend per share stands at 0.5 leva. The management had proposed to pay out 0.35 leva/share, x3news pointed out.

Dividend payments starts September 1. Shareholders registered as such with Central Depository no later than 14 days after the date of the GM will be entitled to dividend.

Shareholders also approved a proposal to buy back up to 3% (79,630 shares) of the company's capital. It has to be performed within 180 days after its announcement, in compliance with art111, par 6 of POSA.

Sharehdolers authorized the Board of Directors to extend this period with another 180 days in case the company has not bought back the maximum amount mentioned above within that deadline.

The stock lost 0.2% today to 73.51 leva at a turnover of just 15 shares.

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