BSE plans 0.15 euro/share dividend for 2023, capital hike

The company plans to return to investors its whole after-tax profit of some 1.95 million levs reported for last year, the Sofia bourse operator said in a stock exchange filing on Thursday.

A sum of 6.29 million levs from BSE's additional reserves and 292,038 levs of its undistributed profit from previous years would be used for a planned capital increase to 13.17 million levs from 6.58 million levs. The company plans to issue some 6.58 million new voting shares of 1 lev in par value each, with shareholders receiving one new share for each unit held.

The proposals will be voted upon at a general meeting of shareholders scheduled for June 18.

Last year, the Sofia bourse operator distributed a gross dividend of 1.04 levs per share for 2022, or some 6.87 million levs in total, according to previously disclosed information.

As of 1055 CEST on Friday, shares in BSE traded 0.68% lower at 14.70 levs on the Sofia bourse.

(1 euro = 1.95583 levs)