Shareholders in Specialized Business Systems (SBS) will vote a proposal for a 1:50 split at a general meeting on December 15.

According to the draft-agreement the face value of the 100,000 existing shares will be reduced from 50 leva to 1 lev, and their number will become 5 mln.

Shareholders will also adopt a decision to add 2006 after-tax profit to the capital.

The final date for trade with the shares of the company as a result of which the holder will be entitled to vote at the GM is November 28.

SBS expects 2007 net profit to come to between 326,000 leva (166,681 euros) and 418,000 leva (213,720 euros). Revenue from core activity is projected between 14.774 mln leva (7.553 mln euros) and 16.328 mln leva (8.348 mln euros).

566 shares changed hands today at levels between 116 and 125 leva.