June 22 (SeeNews) - Bulgarian building materials and fuel retailer Toplivo [BUL:TOPL] said on Tuesday that its shareholders approved the management's plan to skip dividend distribution for 2020 after booking a net loss of 5.3 million levs ($3.2 million/2.7 million euro) last year.
The proposal was approved by all shareholders present at the general meeting held on June 22, the company said in a bourse filing.
As at 10:55 CET on Tuesday, shares in Toplivo traded 9.09% lower at a price of 2 levs on the Bulgarian Stock Exchange.
At the end of 2020, Toplivo was 83.95%-owned by local diversified group Synergon Holding [BUL:SNRG], company data showed.
(1 euro = 1.95583 levs)