Annual dividend and changes to Articles of association were voted at the General meeting of shareholders
88.09% of ELANA AgroCredit shareholders with voting rights were represented at the Annual General Meeting of Shareholders that took place on 23th February 2015, 10 h. at company’s headquarters.
All proposals in the agenda were accepted unanimously.
The most significant of the decisions was the approval of distribution of gross dividend per share of BGN 0.0623 based on 90% of the 2014 earnings and the undivided profit from previous years.
Another highlight is the approved change in the company Articles of association which was required by amendments in the Credit institutions Law. The change is related to an altered definition of company activity which is now restricted to “loans and financial leasing”.
Gergana Kostadinova, Executuve Director of ELANA AgroCredit, explained: “We did our best to get the annual financial report ready and certified by the auditors as soon as possible so that we could organize a General Meeting of the Shareholders at the earliest in the beginning of the year. We aimed at making sure that we can provide a real return this year for our shareholders and can also use the dividend distribution to make a more precise valuation of the company for all current and future shareholders who would participate in the forthcoming capital increase through public offering.