Sofia Commerce's Shareholders To Decide on Dividend Payment, Share Buy-Back

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Sofia Commerce's Shareholders To Decide on Dividend Payment, Share Buy-Back

The shareholders of Sofia Commerce-Pawn Brokerage () will decide at a general meeting, scheduled for June 6, on the amount of the dividend to be distributed for 2007, the Bulgarian Stock Exchange (BSE) said.

The shareholders will put to vote the payment of 0.75 leva guaranteed cumulative dividend per preferred share and the distribution of 1.00 leva dividend per common share.

A decision for the repurchasing of shares, accounting for up to 3% of the capital of the company, in a calendar year will also be discussed at the meeting.

The minimum and the maximum price of shares to be repurchased will be set in accordance with the Public Offering of Securities Act and BSE's regulations.

If there is a lack of quorum, the meeting will be rescheduled for June 23.

The deadline for sealing deals in Sofia Commerce's stock, which will grant the buyers voting rights at the general shareholders' meeting, is set for May 21.

The preferred stock of the company was last traded at a price of 6.4 leva per share, while the common shares traded hands at a price of 7.9 apiece.

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