BSE-Sofia has received the materials of the appointed regular General
Meeting of Shareholders of Euroterra Bulgaria AD as follows:
Euroterra Bulgaria AD-Sofia, BSE code – TERRA, has appointed a General
Meeting of Shareholders on 25.06.2008 at 11:30 a.m. in Sofia, 1 Vitosha
Blvd., under the following agenda:
– Report of the management bodies about the activities of the company in 2007
– Adoption of the 2007 annual financial statement of the company
– Report of the certified accountant about his 2007 audit
– Report of the Investor Relations Director
– Election of a certified accountant
– Exemption from liability of the members of the management bodies for their activity in 2007
– Amendments to the Statute of the company
– Profit allocation decision with a draft resolution:
1. The GMS adopts a decision the sum of BGN 101,159 thsd., representing
a reserve of subsequent assets’ evaluations, to be set aside to the
reserves in pursuance of Art. 246 (2), item 4 of the Commerce Act.
2. The GMS adopts a decision no dividend to be distributed for 2007,
but part of the 2007 profit on amount of BGN 584,000 to be spent for
covering the loss from prior periods and the rest of the profit to be
set aside to the reserves.
– Adoption of a decision for increase in capital of the company from
BGN 7,000,000 to BGN 91,000,000 pursuant to Art. 246 (4) of the
Commerce Act as follows: The GMS adopts an increase in capital of the
company through transformation of part of the reserves into a capital
by issuing 84,000,000 new registered, dematerialised and voting shares
of BGN 1.00 par value each. The new shares shall be allotted to the
shareholders in proportion to their previous participation. Every
shareholder will obtain twelve (12) new shares per one share held. The
right to participate in the capital increase will be entitled to all
shareholders who have acquired shares up to 14 days following the
adoption of the decision by the GMS at the latest.
– In case of an inquorate meeting, the GMS will be held on 10.07.2008 at 11:30 a.m. at the same place under the same agenda.
The voting right will be entitled to all shareholders registered with
the Central Depository AD 14 days before the GMS i.e. by 11.06.2008
(Record Date).
The final date for transacting shares of this company on the floor of
BSE-Sofia, as a result of which the holder will be entitled to exercise
his/her voting right at the GMS, will be 09.06.2008 (Ex Date:
10.06.2008).
The entire notification as well as the GMS materials are posted on the
web site of the Exchange at
http://download.bse-sofia.bg/prospekt/TERRA/ and are also available on
http://www.x3news.com.