Notice General Meeting of Shareholders – Stara planina hold AD (SPH)
Issuer: Stara Planina Hold AD-Sofia (SPH)
Aval In AD received information that Stara Planina Hold AD-Sofia (SPH) convenes a regular GMS on 20.05.2021 from 11.00 am in Sofia, Fr. J. Curie 20, fl. 9, 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;
– Releasing the members of the management bodies from responsibility for their activities in 2020;
– Election of a registered auditor for 2021;
– Changes in the Audit Committee;
– Changes in the Articles of Association of the company;
– Decision for distribution of financial result. Draft decision:
1. An amount of 5 162 755.04 to be paid as a dividend, as BGN 4 668 933.01 are from the profit for 2020, and the rest – from the retained earnings for previous years, with the following parameters:
Gross amount per share: BGN 0.249122807;
Commencement of dividend payment: 15.07.2021;
Term for dividend payment – three months;
Method of payment: through Central Depository and International Asset Bank AD.
2. An amount representing 2% of the profit for 2020 of each member of the Board of Directors, in the form of royalties.
– Adopt a remuneration policy for members of management bodies.
– In the absence of a quorum, the meeting will be held on 03.06.2021 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 06.05.2021.
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