May 26 (SeeNews) - The Bulgarian Stock Exchange (BSE) [BUL:BSE] operator said on Friday that it is proposing to pay out 0.74 levs ($0.41/0.38 euro) per share in gross dividend for 2022 and raise its capital by 6.58 million levs.
The company plans to distribute as dividend 70.92% of its after-tax profit of 6.87 million levs reported for last year, or 4.87 million levs in total, the Sofia bourse operator said in a stock exchange filing. A sum of 658,286 levs will go towards the company's reserve fund, while some 1.05 million levs will be retained as undistributed profit and will be allocated to additional reserves.
BSE's remaining earnings for 2022, along with 6.29 million levs from its additional reserves will be deployed for a planned capital increase to 13.17 million levs from 6.58 million levs, BSE said. The company will issue some 6.58 million new shares of 1 lev in par value each, with shareholders receiving one new share for each unit held.
The proposals will be put to the vote at a general meeting of shareholders on June 29.
Last year, the Sofia bourse operator paid out a total gross dividend of 6.8 million levs for 2021.
As of 1450 CET on Friday, shares in BSE traded 0.22% lower at 9.08 levs on the Sofia bourse.
(1 euro = 1.95583 levs)