At a General Meeting held 11 June shareholders in Petrol AD approved the proposal to distribute 0.0771 leva gross dividend per share (0.0717 net dividend) for 2006, BSE reported.

The sum allocated for dividend payments is 8 425 808.6 leva or 50% of last year's profit.

Another 1% (327,000 leva) of 2006 profit (a total of 16.853 mln leva) will be set aside as undistributed profit and the remaining 48.06% or 8.099 mln leva will go to the company's Reserves Fund.

Shareholders also authorized the Board of Directors to sign a contract with Petrol Holding AD for the purchase of 8,757 stakes with a face value of 1,000 leva each (100% of the capital of New Co Zagora Ltd) at a price of 9 375 653 leva, which has been set as a result of an expert evaluation.

Ex-dividend date is 21 June 2007.

Petrol Holding controls 69.9% of the capital of Petrol AD and Naftex Oil Shipping Corporation Limited (UAE) has 18.84%.

There have been no transactions involving this company's stock on the BSE so far today, bids and asks are at 4.70 and 4.74 leva respectively.