Slanchev Bryag Shareholders To Decide on Distribution of 2.69 Leva Dividend per Share

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Slanchev Bryag Shareholders To Decide on Distribution of 2.69 Leva Dividend per Share

The shareholders of Slanchev Bryag AD () will have to decide on the distribution of 5.269 mln leva of the company's retained profit from previous years as dividend at a general meeting scheduled for June 20, 2008.

The issued capital of the company amounts to 1.96 mln leva (1.002 mln euros), while the gross dividend per share will stand at 2.69 leva (1.37 euros) per share.

The shareholders will also put to vote a proposal, which envisages the use of part of the retained profit from previous years to offset the 704,000 leva (360,000 euros) annual loss for 2007.

If there is lack of quorum, the meeting will be held on July 7 at the same place under the same agenda, x3news.com reported.

The final date for sealing deals in Slanchev Bryag's stock, which will allow shareholders to exercise their voting rights at the meeting is June 4, 2008.

Major shareholder in the company is the Ministry of Economy and Energy with a 75-percent stake.

Slanchev Bryag's stock was last traded on the Bulgarian Stock Exchange (BSE) at a price of 15.29 leva (7.81 euros) per share.

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