Eleven Capital shareholders OK dual listing, term extension

The shareholders also decided to extend Eleven Capital's term, from January 2026 to indefinite, the company said in a bourse filing on Tuesday.

The company plans a dual listing via the Eurobridge segment of the stock exchange in Sofia, which enables trading on both the Bulgarian and German markets, it said earlier.

The shareholders also approved a proposal to distribute a gross dividend of 0.60 levs ($0.33/0.31 euro) per share for 2023, or 1.38 million levs in total, out of the net profit reported for last year. The remaining 9.32 million levs of the net profit will be kept as undistributed earnings.

Last June, Eleven Capital's investors approved a gross dividend payout of 0.40 levs per share for 2022, or 920,611 levs in total, and extended the firm's term by two years, to January 2026, according to previously disclosed information.

Shares in Eleven Capital last traded on Tuesday when they closed at 17.60 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)