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.