The draft decision is to allocate 10 % from the holding’s profit or 1.333 mln leva (that is 0.09 per share) for dividend payments and the rest to be set aside as retained profit.
Shareholders are also to authorize the management bodies to the purchase of property in Sofia, situated in the area of Mladost 1A, Alexander Malinov Blvd on a total area of 9 519 sq.m.
The value of the deal is 1 200 euro per sq.m. or a total of 11 422 800 euro (22 341 054.92 leva). The other party on the contract is Vitoshki Imoti EOOD Sofia (concerned party under the provisions of art.114 of Law on the public offering of securities-LPOS).
Shareholders also have to vote the approval of a contract for a revolving credit in BGN between Sinergon Holding and Omega BD Holding (concerned party under the provisions of art.114 of the LPOS) in the amount of 10 mln leva representing 10.37% of the holding’s assets and for a period of 5 years and interest rate no higher than 6%.
Another issue on the agenda is the introduction of amendments to the Statute of the company. The Board of Directors will be authorized for a period of 10 years, as of the date of approval of the decision, to increase the company’s capital through the issuance of new shares to up to 100 mln leva.
The final date for transacting shares of this company as a result of which the holder will be able to exercise their voting rights at the forthcoming general meeting is 5 June 2007.
Yesterday a total of 2684 shares of the company were sold at levels ranging between 9.80 and 9.95 leva/share.