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Sofia Commerce moves towards semi-annual dividend distribution (POSITIVE)

Sofia Commerce Pawn Brokerage announced changes to its articles of incorporation. The latter would allow the company to pay dividends on its common stock semi-annually. The provision is used by three other public companies on the BSE – Sopharma, Korado and Gradus. Sofia Commerce also said that the retirement of treasury stock equal to 8.75% of the share capital is in progress and should be reflected within 3 months.

Source: Sofia Commerce Pawn Brokerage; FFBH

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