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A proposal of the Board of Directors for payments of dividend

On April 10th, 2012  the Board of Directors of  Bulland Investments decided to summon a regular annual meeting of shareholders on June 5th, 2012. Point 2 of the meeting agenda contains a proposal for distribution of the profit for 2011 and a part of the undistributed profit of previous years. An amount of 1 249 717,34 BGN is distributed for dividends or 0,096 BGN a gross dividend per share. This amount represents 90.07 % of the transformed as per article 10/3 of the Law financial result which should be distributed obligatory for dividends.

 

Annual Shareholders Meeting Profit Distribution Decision

The following decision regarding the profit distribution was taken at the annual shareholders meeting on 14 June 2011:
An amount of 872 198,56 BGN is distributed for dividends or 0,067 BGN a gross dividend per share. The amount of 872 198,56 BGN represents 90.30 % of the transformed as per article 10/3 of the Law financial result which should be distributed obligatory for dividends.

The gross dividend per share is 0,067 BGN. Only the shareholders that have registered at Centralen Depositar AD up to 14 days after the annual shareholders meeting are eligible for dividends. The payment of the dividends will be made after 1 August 2011. The payment will be made through Centralen Depositar AD in accordance with Ordinance #8 (from 12 November 2003) of the Public Offering of Securities Act, the by-laws of Centralen Depositar AD and all other ordinances of the current Bulgarian legislation.

 

Annual Shareholders Meeting Profit Distribution Decision

The following decision regarding the profit distribution was taken at the annual shareholders meeting on 16 June 2010:
An amount of 390 536.67 BGN is distributed for dividends or 0.03 BGN a gross dividend per share. The amount of 390 536.67 BGN represents 93 % of the transformed as per article 10/3 of the Law financial result which should be distributed obligatory for dividends. In the amount subject to distribution for dividend are included:
- The book – keeping profit for 2009 amount to 361 420 BGN which is completely subject to distribution for dividends;
- 29 116.67 BGN from the accumulated undistributed profit from previous years.
The gross dividend per share is 0,03 BGN. Only the shareholders that have registered at Centralen Depositar AD up to 14 days after the annual shareholders meeting are eligible for dividends. The payment of the dividends will be made after 2 August 2010. The payment will be made through Centralen Depositar AD in accordance with Ordinance #8 (from 12 November 2003) of the Public Offering of Securities Act, the by-laws of Centralen Depositar AD and all other ordinances of the current Bulgarian legislation.

 

 

A proposal of the Board of Directors for payments of dividend

On May 4th, 2010  the Board of Directors of  Bulland Investments decided to summon a regular annual meeting of shareholders on June 16th, 2010. Point 2 of the meeting agenda contains a proposal for distribution of the profit for 2009 and a part of the undistributed profit of previous years. An amount of 390 536.67 BGN is distributed for dividends or 0.03 BGN a gross dividend per share. The amount of 390 536.67 BGN represents 93 % of the transformed as per article 10/3 of the Law financial result which should be distributed obligatory for dividends. In the amount subject to distribution for dividend are included:
- The book – keeping profit for 2009 amount to 361 420 BGN which is completely subject to distribution for dividends;
- 29 116.67 BGN from the accumulated undistributed profit from previous years.

 

 

Decrease of the Annual Fee to the Servicing Company

On 26 January 2010 Bulland Investments and its servicing company Bulland Services signed Annex #7 to the contract for the servicing activities. The annual fee paid to the servicing company will be lowered from 1.5% to 1.4% of the net assets of the fund. VAT will be added to the resulting fee.


 

 


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