News

Annual Shareholders Meeting

The Board of Directors of Bulland Investments, based on Article 223, Paragraph 1 of TZ, would like to invite its shareholders at the annual shareholders meeting, which will be held on 15 June 2006 at 11:00. The address of the meeting is 36 Vitosha Blvd., Sofia. The agenda is as follows:

  1. Approval of the annual accounting report, activities report and the registered auditor report for 2005. Draft of the decision: The shareholders approve the accounting report, the activities report and the registered auditor report for 2005.
  2. Approval of the decision for the 2007 profit distribution. Draft of the decision: The accounting profit of 19 235 BGN will not be distributed, which is in accordance with Article 10, Paragraph 3 of The Special Purpose Company Act.
  3. Dismissal of the members of the Board of Directors for their activities throughout 2005. Draft of the decision: The shareholders dismiss the members of the Board of Directors for their activities throughout 2005.
  4. Choice of a registered auditor for 2006. Draft of the decision: The shareholders choose as a registered auditor for 2006 Stoiyanka Yordanova Apostolova from BDO Akero Ltd, registration number 016.

The materials for the shareholders meeting are available every working day from 10:00 to 16:00 at the office of the company - 36 Vitosha Blvd., Sofia. All shareholders are invited to personally attend the meeting or send their representatives at it (as stated in Article 116 of the Public Offering of Securities Act). Only the shareholders that have acquired shares up to and including 12 April 2006 are eligible voters. The list of those voters will be provided by Centralen Depositar AD. The total number of shares, whose owners are eligible voters is 13 017 889. If the minimum number of people are not present at the meeting, in accordance with Article 227, Paragraph 3 of TZ, the annual shareholders meeting will be held at 11:00 on 30 June 2006 at the same place. It will have the same agenda, no matter how many shares are represented at the meeting.

 

Capital Increase

A decision has been made by the Board of Directors on 10 May 2006 that the capital of the company will be increased by issuing 9 000 000 new shares.

  • number of shares before the increase: 1 000 000
  • par value: 1,00 BGN
  • issuing value: 1,05 BGN
  • the code for the newly issued rights is: R3LAND
  • number of rights issued: 1 000 000
  • issued rights/new shares ratio: 1/9
  • the capital will be increased only if more than 3 000 000 new shares are issued and paid for
  • every person can sign at least one new share and at most the number of shares equal to the rights he owned multiplied by 9
  • member of the stock exchange authorized to service the capital increase: IP Evro Finans AD
  • bank, in which a collecting account will be opened: TB Bulbank AD
  • only the shareholders that have acquired shares up to 7 days after publishing the decision in Darzhaven Vestnik and in at least one national daily newspaper are eligible to participate in the capital increase, but not before the end of the term specified in Article 126B, Paragraph 2 of the Public Offering of Securities Act
  • the dates for the rights transactions, shares signing and the auction in accordance with Article 126B, Paragraph 7 of the Public Offering of Securities Act will be posted after the publications in Darzhaven Vestnik and the national daily newspaper.
 

Secondary Trading of the Shares of Bulland Investments at the Bulgarian Stock Exchange

The secondary trading of shares of Bulland Investments at the Bulgarian Stock Exchange will take place on 8 May 2006. The shares of the fund will be traded on the Unofficial market with the code LAND.

 

Quarterly Financial Report as of 31 March 2006

Bulland Investments would like to notify its shareholders and investors that it has submitted its quarterly financial report (as of 31 March 2006) to the Financial Supervision Commision on 28 April 2007. The financial report is available at 56 Vitosha Blvd., Sofia from 10:00 to 16:00 every working day, as well as at www.bulland.org.

 


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