General shareholders meeting – The BSE-Sofia has been informed of a Board of Directors’ decision of Euroterra Bulgaria AD dated 15.12.2006 for an extraordinary GMS appointment as follows:
Euroterra Bulgaria AD-Sofia, BSE code – TERRA, has appointed an extraordinary General Meeting of Shareholders on 12.12.2007 at 10:00 a.m. in Sofia, 1 Vitosha Blvd., floor 6, under the following agenda:
– Hearing and approval of the Board of Directors’ justification report pursuant to art. 114a (1) of the POSA about the expedience and terms of deals on acquisition by the company of fixed assets within the terms of Art. 114 (1) of the POSA and adoption of a decision for the authorisation of the Board of Directors to make deals on the acquisition by the company of fixed assets and this way entering of the company into liabilities and receivables within the terms of Art. 114 (1) of the POSA
The transaction laid down in the enclosed Board of Directors’ justification report pursuant to art. 114a (1) of the POSA has the following parameters:
Description, Subject and Value: Authorisation of the Board of Directors to sign a contract with Twin Group AD-Sofia for entitling Euroterra Bulgaria AD to the construction right on the following real estate: Regulated landed property ІV-994 in Sofia, Vitosha disctrict, Gardova Glava locality, quadrant 18 of the town planning, comprising and area of 1,950 sq. m. Twin Group AD shall entitle Euroterra Bulgaria AD to the construction right of residential buildings on the above mentioned regulated landed property, having a total unfolded built-up area of 2,535 sq. m. The fair value of the estate mentioned above is Euro 429,000 according to an expert appraisal by a licensed appraiser
– In case of an inquorate meeting, the GMS will be held on 28.12.2007 at 10:00 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 28.11.2007 (Record Date).
The final date for transacting shares of this company on the BSE-Sofia, as a result of which the holder will be entitled to exercise his/her voting right at the GMS, will be 26.11.2007 (Ex Date: 27.11.2007).