Notice General Meeting of Shareholders – KORADO – Bulgaria AD (KBG)
Issuer: Korado-Bulgaria AD-Strazhitsa (KBG)
Aval In AD received information that Korado-Bulgaria AD-Strazhitsa (KBG) regularly convenes a GMS on 19.05.2021 from 11.00 am in the town of Strazhitsa, 28 Gladstone Street, with the following agenda:
– Report of the management bodies on the activity of the company in 2020;
– Acceptance of the certified annual financial report of the company for 2020;
– Report of the Audit Committee for 2020;
– Report of the Investor Relations Director for 2020;
– Approval of the report of the Supervisory Board on its activities instead of the Remuneration Committee of the Company for 2020;
– Adoption of a report on the implementation of the Remuneration Policy of the members of the management bodies;
– Exemption of the members of the Management Board and the Supervisory Board from liability for their activities in 2020;
– Election of a registered auditor for 2021;
– Re-election of the members of the Audit Committee for a new term;
– Adoption of the Statute of the Audit Committee;
– Decision for distribution of financial result. Draft resolution: The General Meeting distributes the profit of the Company for 2020, which is BGN 4,596,106.57, as follows:
– part in a total gross amount of BGN 1,316,861.40 has already been distributed to the shareholders of the Company as a 6-month dividend (gross single 6-month dividend of BGN 0.10 per share), according to a decision of the General Meeting of the Company from September 16, 2020;
– part of the profit in the amount of BGN 772,398.82 refers to the retained earnings of the Company; and
– part of the profit in the total gross amount of BGN 2,502,036.66 is distributed to the shareholders of the Company as an annual dividend, as the gross single annual dividend is BGN 0.19 per share;
– Adopt a remuneration policy for members of management bodies.
– In the absence of a quorum, the meeting will be held on 02.06.2021 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 05.05.2021.
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 April 28, 2021.
The full text of the invitation for the GMS of the company can be found on the website of the Exchange
The full text of the news can be found published on the financial website X3News