By resolution taken in absentio on 11 May 2017, the Management Board of CEZ Distribution Bulgaria AD (hereinafter referred to as the “MB” and the “Company”, respectively) made to the General Meeting of the Shareholders of the Company the following proposal for the distribution of profit of the Company:
“The General Meeting, on the grounds Art. 221, item 7 of the Law on Commerce and Art. 48, item 10 of the By-Laws of the Company, resolves as dividend to the shareholders of the Company to be distributed the whole net profit of the Company for the year 2016 and a portion of the Retained Earnings of the Company from the previous years, such total gross dividend being at the amount of BGN 48,971,200 (forty eight million nine hundred and seventy one thousand and two hundred Bulgarian Leva), respectively the gross amount of the dividend per share being BGN 25.40 (twenty five Bulgarian Leva and forty stotinki).”
By resolution taken in absentio on 11 May 2017, Supervisory Board of the Company approved the proposal made by the MB in the above sense and resolved to propose to the General Meeting of the Shareholders of the Company the taking of the respective resolution.
The payment of dividend is, for the time being, is only proposed, while the taking of a resolution on the matter is in the exclusive competence of the General Meeting of the Shareholders of the Company. The convocation of the regular session of that General Meeting for the year 2017 is forthcoming.
Investors Relations Director
2. In accordance with the requirements of § 38 of the Transitional and Final Provisions of the Regulation for amendment and supplementation of Regulation No. 2 from 2003 for the prospects at public offering and admission to trade at a regulated market of securities and for disclosure of information from the publicly traded companies and other issuers of securities, we hereby would like to inform you that CEZ Distribution Bulgaria AD has concluded a contract with Financial Markets Service EOOD for disclosure and announcement to the public of regulated information within the meaning of the Law on the Public Offering of Securities through the specialized financial media „X3News”, accessible at the following webpage: http://www.x3news.com/. The Company announces regulated information before the Financial Supervision Commission (FSC) also through the integrated system for provision of information by electronic means E-Register (Е-Регистър), as the information may be found at the electronic webpage of FSC - www.fsc.bg.
Dear Ladies and Gentlemen,
On 16.09.2016 changes in the personal composition of the Management Board of CEZ Distribution Bulgaria AD (hereinafter referred to as the “Company”) were registered with the Trade Register at the Registry Agency. The changes regard the dismissal of Mr. Stefan Apostolov as a member of the Board and the appointment of Mr. Viktor Stanchev as such member.
Investor Relations Director of CEZ Distribution Bulgaria AD