Trace Group Hold to raise capital and to distribute BGN 0.26 gross DPS

14.07.2011 Source: Trace Group Hold; FFBH

At an AGM held on 13 July, the shareholders of Trace Group Hold approved the distribution of BGN 0.58m as dividends for 2010 or BGN 0.26 gross DPS (4.2% pay-out ratio, 0.3% dividend yield at the latest closing price of BGN 79.21). The shareholders also approved the capital increase with own funds. The registered capital of the company will be increased from BGN 2.2m to BGN 24.2m through the issuance of 22m shares with a nominal value of BGN 1. The new shares will be distributed among the shareholders in proportion to their stakes prior the capital increase.