Shareholders in Industrial Capital Holding To Receive Three Free Shares

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The general meeting of shareholders of Industrial Capital Holding approved capital increase from 1.944 mln leva (993 951 euros) to 7.776 mln leva (3.975 mln euros).

The company will increase capital using own funds – that is using 2006 profit and retained profit from prior years, BSE reports.

As a result, investors holding company shares towards 6 June 2007 shall receive three free shares.

Industrial Capital Holding posted net consolidated profit in the amount of 274,000 leva (140,094 euros), or 0.14 leva per share in 1Q, compared with 179,000 leva (91,521 euros), or 0.90 leva per share a year ago.

Net sales revenues are down 9.53% for the period to 1.804 mln leva (922,370 euros), while financial revenues amount to 82,000 leva (41,926 euros), against 65,000 leva (33,234 euros) for the respective period a year ago.

Principal shareholders in the company are Industrial Credit Bulgaria, controlling 18,34% of the capital, ZAI AD with 12,96% and EMKA AD with 10,22%.

61 transactions involving Industrial Capital Holding stock have been made so far today on the BSE, 2324 shares changed hands, generating 62 925.15 leva (32,173 euros) on the position.

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