UniCredit Bulbank distributes dividend and plans capital increase with nearly BGN 160 mio
UniCredit Bulbank distributes as dividend its profit for 2010 amounting to BGN 158.7 mio. This decision was voted by the shareholders of the Bank at the regular general meeting held on 31 May 2011. At the meeting support was given to the policy for keeping high capital ratios already maintained by the Bank, whereby the shareholders also approved the proposal of the management board and of the supervisory board for increase of the capital of the Bank through a new issue of shares.
The new issue is envisaged to include 21,865,500 common voting shares, each with a par value of BGN 1 and issue value of BGN 7.26. The invitation for subscription of shares from the new issue is to be extended to the bank's shareholders who will have 31 days to exercise their right to preferential acquisition through payment of the full issue price of the shares to which they are entitled.
UniCredit Bank Austria, majority shareholder owner of nearly 93% from the capital of UniCredit Bulbank, will acquire the right to subscribe and pay all new shares which have not been subscribed by the minority shareholders within the above mentioned term.
