Gradus (GR6) revealed the BoD’s proposition to implement a large-scale investment program across all segments the company operates in. The main goals are to modernize meat production equipment, obtain new farm management systems, increase energy efficiency, and pursue cost optimization solutions. The total consideration for the program is expected to exceed BGN 29m. Along with the normal maintenance CAPEX, this represents a 3-year investment budget of BGN 30m up to BGN 50m, with financing expected to be realized in stages and with own funds. Moreover, the company has already shown its intention to invest in business development with more than BGN 9m investment projects since the beginning of the year. The statement also specifies that the BoD considers it appropriate not to distribute an interim dividend in 2024, as well as not to distribute dividends to the shareholders until the completion of the presented investment program, or at least until the end of the financial year 2026. The proposal will reportedly support the future stabilization and efficiency of production processes in the group and will reflect positively on the long-term prospects of Gradus and the benefits for the company's shareholders.