By resolution of Sofia City Court dated 31 May 2007 an additional item was included in the agenda of the general meeting of the shareholders of Stara Planina Hold AD, which will be held on 15 June 2007. The item is a proposal to increase the company’s capital twelvefold, BSE-Sofia announced.

Under the proposal the capital is to be increased using own funds from the reserves and non-distributed profit from previous year from 1.75 mln leva currently to 21 mln leva via the issuance of 19.25 mln common paperless registered voting shares.

Each shareholder is entitled to a part of the new shares proportionate to their interest in the company prior the capital increase.

The last date for for transacting shares of the company on the BSE-Sofia, as a result of which the holder will be entitled to dividend and to exercise their voting rights in the general meeting, is 30 May 2007.

After the news the holding’s stock gained 8.9% today to an average of 60.43 leva/share with some bids at the maximum level of 63.814 leva.