May 29 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:4EH] said on Wednesday that it is proposing to its shareholders to distribute a gross dividend of 0.0125 levs ($0.007/0.006 euro) per share for 2018.
The company paid a gross dividend of 0.0090 levs per share for 2017.
To do so, the company intends to distribute 1.66 million levs from its profit in 2018 and a further 2.47 million levs of undistributed profit from previous financial years, Eurohold Bulgaria said in a bourse filing.
Shareholders will vote on the proposal at a general meeting scheduled for June 30.
Eurohold Bulgaria shares closed at 1.85 levs on the Bulgarian Stock Exchange on Tuesday.
The company turned to a non-consolidated net profit of 1.66 million levs in 2018 from a net loss of 17.3 million levs in 2017.
Eurohold Bulgaria is currently seeking approval for a capital increase prospectus from the Financial Supervision Commission. The company is planning to offer 79,010,240 preferred shares, seeking to raise up to 154 million levs.
Eurohold Bulgaria's portfolio includes companies active in financial services, leasing, insurance and car sales.
(1 euro = 1.95583 levs)