With Regard to the Regular Session of the General Assembly of the Shareholders of MONBAT AD

Financial
June 30, 2014

With regard to the regular session of the General Assembly of the Shareholders of MONBAT AD, held on 30.06.2013, we would like to announce the following important resolutions approved by the shareholders, namely:

  • The General Assembly of Shareholders approved the individual and consolidated Annual Reports of the Board of Directors on the company’s activities for the year 2013, the audited individual and consolidated annual Financial Statements of the company for the year 2013 and the Reports of the certified auditor, the Annual Report on the activities of the Investor Relations Director of MONBAT AD for the year 2013 and the Report on the activities of the audit committee for the year 2013. 
  • The General Assembly of Shareholders approved a decision the company’s profit after taxes, generated during the year 2013 in the amount of BGN 21 754 012.30 to be distributed as follows: the amount of BGN 12 784 012,30 to be taken in the company’s Reserve Fund and the amount of BGN 8 970 000 to be distributed to the shareholders as dividend: Gross amount of the dividend per one share – BGN 0.23; Net amount of the dividend per one share – BGN 0.2185 for shareholders – physical persons; Entitled to receive dividend shall be persons who were entered as shareholders of the company in the Central Depository’s registers on the 14th day following the date of the General Assembly. The General Assembly of Shareholders authorizes the Board of Directors of the company to undertake all necessary legal and factual activities related to the dividend payment to the shareholders, including selection of a commercial bank, initial and final term for payment of the dividend. 
  • The General Assembly of Shareholders released from responsibility the members of the Board of Directors for their activities during 2013. 
  • The General Assembly of Shareholders elected an audit committee with the following members: Irena Vakova, Elena Dimanina and Svitlana Samko. 
  • The General Assembly of Shareholders set up one-year mandate of the audit committee and the amount of the remuneration of its members, as follows: for a participation in each session of the audit committee its members shall receive a remuneration in the amount of BGN 300. 
  • The General Assembly of Shareholders approved a decision for election of a certified auditor for the year 2014 in accordance with the proposal of the audit committee, namely specialized audit company Deloitte Audit OOD with Desislava Dinkova as a leading auditor. 
  • The General Assembly of Shareholders adopted a Remuneration Policy Report for the members of the board of Directors of Monbat AD 
  • The General Assembly of Shareholders authorized the Board of Directors of the Company to set additional remuneration for 2013 to the members of the Board of Directors of MONBAT AD in the total amount of up to BGN 300 000, as well as to distribute the additional remunerations among the members of the Board within the range of the voted amount. 
  • The General Assembly of Shareholders approved a resolution to be made a change in the company’s management address, namely: 32A Cherni Vrah Blvd., floor 4, 1407 Sofia10. The General Assembly of Shareholders approved a resolution to be made an amendment in the company’s Articles of Association with regard to the change in the management address. 

contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com