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Bulgaria's TBS Group to get 5.3 mln euro in 2021 dividend from unit

Bulgaria's TBS Group to get 5.3 mln euro in 2021 dividend from unit Photo: Telelink Business Services

SOFIA (Bulgaria), June 17 (SeeNews) - Bulgaria's Telelink Business Services (TBS) Group [BUL:TBS] said on Friday that it will receive an additional dividend payout of 10.4 million levs ($5.6 million/5.3 million euro) for 2021 from its subsidiary Telelink Business Services EAD.

The decision for the dividend distribution was adopted at a meeting of TBS Group's managing board on Friday, the company said in a bourse filing.

Last month, TBS Group proposed to skip the distribution of any additional dividend on top of the already paid out six-month dividend of 9.57 million levs announced in September 2021. The balance of TBS Group's 2021 standalone net profit of 12.27 million levs will be allocated to the company's reserve fund. Shareholders in TBS Group will vote on the proposal at a general meeting scheduled for June 29.

Shares in TBS Group closed flat at 12.65 levs in the company's most recent trading session on the Bulgarian Stock Exchange on Thursday.

(1 euro = 1.21643 levs)

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