Shareholders also decided that retained profit from proir periods, or 69 270.47 leva (35,418 euros), will be used to cover part of 2006 negative financial result which stands at 455 599.83 leva (232,944 euros).
An amendmend to the statute was also approved - the company can sign contracts with its subsidiaries for up to 30 mln euros. Up till now regulations adopted in 2004 permitted only deals worth up to 10 mln leva (5.113 mln euros).
We remind that the annual meeting of shareholders in 2006 changed art.8, part 2 of the statute – and namely it was made possible for the Board of Directors to increase capital to up to 10 mln leva (5.113 mln euros) through the issuance of new shares. The decision is valid for 5 years after the amendmend registration.
In 2006 HD Patishta invested a total of 7.998 mln leva (4.084 mln euros), of which 61,000 leva (31,188 euros) have been used to acquire and increase stakes, and the rest to acquire material assets.
2 shares changed hands on the position today at levels between 13 556 and 13 900 leva.