Decisions after the regular session of the General Assembly of the Shareholders of Monbat AD

Corporate
June 11, 2021

With regard to the regular session of the General Assembly of the Shareholders of MONBAT AD, held on 10.06.2021, we would like to announce the following important resolutions approved by the shareholders, namely:

1. The General Assembly of Shareholders approved the individual Annual Report of the Board of Director on the company’s activities for the year 2020, the audited individual annual Financial Statement of the company for the year 2020 and the Report of the certified auditor, the Annual Report on the activities of the Investor Relations Director of MONBAT AD for the year 2020 and the Report on the activities of the audit committee for the year 2020.

2. The General Assembly of Shareholders adopted the Report for the implementation of the Remuneration Policy of the members of the Board of Directors of Monbat AD for 2020. The report is available here.

3. General Assembly of Shareholders approved a decision  for distribution of the reported company’s profit for 2020 and a part of the non-distributed profit reported for 2019, namely: the company’s profit after taxes reported for the year 2020 in amount of BGN 5 356 828,53   together with  a part of non-distributed profit for 2019 reported as retained-earnings in amount of BGN 1 643 171,47 to be distributed as a dividend to the shareholders, so the total dividend  amount is BGN 7 000 000.  Entitled to receive dividend shall be persons who were entered as holders of dividend rights 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.

4. The General Assembly of Shareholders released from responsibility the members of the Board of Directors for their activities during 2020.  

5. The General Assembly of Shareholders re-elected the audit committee with the following members:  Georgi Stoianov Trenchev and Anelia Petkova Angelova-Tumbeva and Yordan Karabinov.
 
6. The General Assembly of Shareholders approved a resolution for changes of the Board of Directors, namely the General Assembly of Shareholders approves a decision for changes of the Board of Directors, namely: Releases from his position as members of the Board of Directors of Monbat AD Dimitar Nikolov Kostadinov. The General Assembly of the Shareholders elects Viktor Stanimirov Spiriev as a new member of the Board of Directors of the Company.

7. The General Assembly of Shareholders approved a resolution for chances of the Article of the Association of the company.
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