At a general meeting today shareholders in Stara Planina Hold AD approved the distribution of 0.1419 leva per share for 2006, BSE reported.

Dividend payment starts 10 September 2007 and will continue for 3 months.

Shareholders also approved the proposal for a capital increase with own funds – using accrued reserves and undistributed profit from prior periods. The capital will be increased from 1.75 mln leva to 21 mln leva.

19.25 mln common, paperless, registered, voting shares will be issued. Each shareholder may acquire new shares in proportion to their participation in the company's capital prior to its increase.

Ex-dividend date is 27 June 2007.

The holding's stock added 4.55% to an average of 68 leva and 2 390 shares changed hands today.