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Bulgarian Stock Exchange to pay 0.15 euro/share dividend, raise capital

Jun 18, 2024, 4:08:47 PMArticle by Mihaela Miteva
share
June 18 (SeeNews) - The Bulgarian Stock Exchange [BUL:BSE], the operator of the Sofia bourse, said on Tuesday that its shareholders endorsed the distribution of a gross dividend of 0.296 levs ($0.162/0.151 euro) per share for 2023 and a capital increase of 6.58 million levs.

Bulgarian Stock Exchange to pay 0.15 euro/share dividend, raise capital
Author: Bulgarian Stock Exchange / All rights reserved.

The company will pay out as dividend its entire net profit of some 1.95 million levs reported for last year, it said in a statement following its annual general shareholders meeting.

Additionally, BSE will issue some 6.58 million new shares, with investors to receive one new share for each unit held. The capital increase will be financed with the company's own funds, including its additional reserves and undistributed profit from previous years.

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.

BSE currently has a market capitalisation of nearly 100 million levs. The company's biggest shareholder is the finance ministry, which holds a 50.05% stake.

As of 1415 CEST on Tuesday, shares in BSE traded 2.65% lower at 14.70 levs.

(1 euro = 1.95583 levs)

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