• Adopt the company Activity Report for 2016. Adopt the 2016 Annual financial statement verified by independent auditor.
  • Decision about profits distribution:

- Gross dividend: BGN 4,531,164.

- BGN 0.21754 per share.
- Net dividend: BGN 0.20666669 per share.
- Dividends will be paid out as from 10.07.2017 for a period of three months.
- The right on dividend will be entitled to all shareholders registered with the Central Depository AD up to 14 days after the GMS date i.e. by 06.06.2016.

  • Exemption from liability of the members of the management bodies for their activity in 2016.
  • GMS elects the certified chartered auditor of the company for 2017 Audit Company 'Driim Oditi' Ltd.

Stara Planina Hold has been paying dividend each year since its establishment.

The total amount of dividend distributed to shareholders of Stara Planina Hold until now has 16.3 million BGN. The initial investment in the holding company has a dividend cover of 9.3 times.

The three largest companies from Stara Planina Hold Group - M + S Hydraulic, Hydraulic Elements & Systems and Elhim-Iskra have a policy of regular dividend payments. The total cash flow by dividends expected to be collected in Stara Planina Hold this year amounted to 5.7 million BGN.

Total dividend for the 20 anniversary of the group of Stara Planina Hold is 105 million BGN.

Stara Planina Hold AD published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 11:05:17 UTC.

Original documenthttp://www.sphold.com/en/news/39-2017/425-decisions-of-the-general-meeting-of-shareholders

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