Notice General Meeting of Shareholders – M + C Hydraulic AD-Kazanlak (MSH)
Issuer: M + S Hydraulic AD-Kazanlak (MSH)
Aval In AD received information that M + S Hydraulic AD-Kazanlak (MSH) convenes a regular GMS on 18.05.2021 at 13.30 in the town of Kazanlak, 68 Kozloduy Str., With the following agenda:
– Report of the management bodies on the activity of the company in 2020;
– Acceptance of the annual financial report of the company for 2020;
– Report 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;
– Exemption of the members of the management bodies from responsibility for their activity in 2020;
– Election of a registered auditor for 2021;
– Changes in the management bodies of the company. Draft decision: Dismisses Stoil Kolev as a member of the Board of Directors. Elects Stara Planina Hold AD, UIC 121227995, as a member of the Board of Directors for a term until the end of the term of the other members of the Board. Determines a permanent part of the remuneration of the newly elected member;
– Decision for distribution of financial result. Draft decision: Distribute the profit for 2020 as follows:
1. Amount of BGN 11,829,960 for payment of dividends under the following parameters:
Gross amount per share: BGN 0.30;
Beginning of dividend payment: 07.07.2021;
Term for dividend payment: three months;
Method of payment: through Central Depository and International Asset Bank AD, Kazanlak branch;
2. The remainder to be transferred to retained earnings of the company.
– Determination of an annual bonus for the members of the Board of Directors.
– Adopt a remuneration policy for members of management bodies.
– In the absence of a quorum, the meeting will be held on 01.06.2021 from 13.30 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 04.05.2021.
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 27, 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
