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Bulgaria’s Sirma investors approve interim dividend, buyback extension

Jan 10, 2023, 2:55:50 PMArticle by Tanya Ivanova
share
January 10 (SeeNews) - Bulgarian software developer Sirma Group Holding [BUL:SGH] said on Tuesday that its shareholders approved the distribution of a six-month dividend totalling 889,135 levs ($488,000/455,000 euro) and the extension of a share buyback programme.

Bulgaria’s Sirma investors approve interim dividend, buyback extension
Sirma Group Holding/All rights reserved.

The decisions were made at an extraordinary general meeting on January 9, the company said in a bourse filing.

Sirma will distribute a dividend of 0.015 levs per share based on a non-consolidated net profit of 998,372 levs booked in the first half of 2022.

In addition, the company will extend the period of a share buyback programme to August 25, 2024 from December 31, 2022.

According to an earlier statement, Sirma aims to buy back up to 19 million own shares at a price of between 0.10 levs and 2 levs. The total price of the repurchased shares should not exceed 20 million levs.

(1 euro = 1.95583 levs)

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