Notice General Meeting of Shareholders – Alterco AD-Sofia (A4L)
Issuer: Alterco AD-Sofia (A4L)
Aval In AD received information that Alterco AD-Sofia (A4L) convenes a regular GMS on 28.06.2021 from 11.00 am in Sofia, 103 Cherni Vrah Blvd., with the following agenda:
– Reports of the management bodies on the activity of the company in 2020 (individual and consolidated);
– Acceptance of the annual financial statements of the company for 2020 (individual and consolidated);
– Reports of the registered auditor for 2020;
– Report of the Audit Committee for 2020;
– Report of the Investor Relations Director for 2020;
– Adoption of a report on the implementation of the Remuneration Policy of the members of the management bodies;
– Releasing the members of the management bodies from responsibility for their activities in 2020;
– Election of a registered auditor for 2021;
– Re-election of the members of the audit committee for a new one-year term;
– Change in the remuneration of the members of the Audit Committee;
– Changes in the Articles of Association of the company;
– Adoption of a decision on the distribution of the realized profit by the company for 2020. Draft decision: Adopts a decision on the net profit realized in 2020, amounting to BGN 2,330,453.66, to be distributed as follows:
The amount of BGN 607,960.34 to be distributed as a dividend to the shareholders, and the remainder, amounting to BGN 1,722,493.32, to be allocated as retained earnings;
– Adoption of a decision for distribution and payment of dividends from retained earnings from the company’s activities in 2018 and 2019. Draft decision: Adopts a decision for distribution and payment of dividends from retained earnings for previous years, in the total amount of BGN 2,992,039.46 ., as follows: BGN 58,549.41 from the retained earnings for 2018 and BGN 2,933,490.05 from the retained earnings for 2019.
– Adoption of a decision on the parameters of distribution and payment of dividends to shareholders. Draft resolution: GMS adopts a resolution for distribution and payment of dividends to shareholders with the following parameters:
Total amount for distribution as dividend: BGN 3,599,999.8.
Dividend per share: BGN 0.20
Term for payment of the dividend 60 days from the date of the GMS.
– Adoption of a decision for transfer of BGN 300,000 out of a total of BGN 5,702,946.09 reserves from the issue of shares in the Reserve Fund, whereby the fund will be supplemented to the amount of BGN 1,800,000, representing 1/10 of the value of the capital according to the requirements of the Commercial Law.
– Adopt a new remuneration policy for members of management bodies.
– Determining the amount of remuneration of the members of the Board of Directors and the management guarantees.
– Approval of a remuneration scheme based on shares of the company to the members of the Board of Directors for 2021.
– Implementation of a Program for stimulation of the employees of the company and its subsidiaries with shares from the capital of Alterco AD.
– In the absence of a quorum, the meeting will be held on 14.07.2021 from 11.00 am at the same place and with the same agenda.
The right to vote in the GMS is exercised by the persons registered as such with the right to vote in the central register of securities 14 days before the date of the GMS, or as of 14.06.2021.
The last date for concluding transactions with shares of this company on the Exchange, as a result of which the acquirer will be able to exercise voting rights in the GMS, is June 10, 2021.
The full text of the invitation for the GMS of the company can be found on the website of the BSE
The full text of the news can be found published on the financial website X3News