25 Jun 2015 | 11:01

DECISIONS of the ANNUAL GENERAL MEETING OF SHAREHOLDERS OF INDUSTRIAL HOLDING BULGARIA AD 24 June 2014, Sofia City, 16-20 Alabin Street, at the building of the Bulgarian Industrial Association

1. Acceptance of the Activity Report of the Company for 2014 and the Consolidated Activity Report of the Company for 2014
Decision: The General Meeting of the Shareholders accepts the Activity Report of the Company for 2014 and the Consolidated Activity Report of the Company for 2014.
2. Acceptance of the Report of the Registered Auditor for the audit made of the Annual Financial Statements of the Company for 2014 and the Report of the Registered Auditor for the audit made of the Consolidated Annual Financial Statements of the Company for 2014.
Decision: The General Meeting of the Shareholders accepts the Report of the Registered Auditor on the audit made of the Annual Financial Statements for 2014 and the Report on the audit made of the Consolidated Annual Financial Statements of the Company for 2014.
3. Acceptance of the Annual Financial Statements of the Company for 2014 and the Consolidated Financial Statements of the Company for 2014
Decision: The General Meeting of the Shareholders accepts the Annual Financial Statements of the Company for 2014 and the Consolidated Financial Statements of the Company for 2014
4. Adopting of a decision for allocation of the earnings of the Company for 2014.
Decision: The General Meeting of the Shareholders adopts a decision for allocation of the earnings of the Company for 2014 amounting to BGN 800 857,46 (eight hundred thousand eight hundred fifty seven levа and forty six stotinki) as follows:

  • 10% of the earnings of the Company for 2014 to be allocated to the Reserve Fund;
  • The rest BGN 720 771,71 (seven hundred and twenty thousand seven hundred seventy one leva and seventy one stotinki) to remain as retained earnings of the Company

5. Report on the Activity of the Investor Relations Director for 2014.
No decision taken.
6. Report on the Activity of the Audit Committee of the Company for 2014.
No decision taken.
7. Report on implementation of remuneration policy for members of the Supervisory and Managing boards of "Industrial holding Bulgaria" AD 2014
No decision taken.
8. Release from liability of the members of the Manager Board and the Supervisory Board for their activities in 2014.
Decision: The General Meeting of the Shareholders releases from liability for their activities in 2014:

As members of the Supervisory Board

  • Snezhana Ilieva Hristova
  • Konstantin Kumov Zografov
  • DZH AD, represented by Elena Petkova Kircheva.

As members of the Management Board:

  • Bozhidar Vasilev Danev,
  • Daneta Angelova Zheleva,
  • Emilian Emilov Abadjiev,
  • Borislav Emilov Gavrilov,
  • Boyko Nikolov Noev,

9. Determining of the remuneration of the members of the Supervisory Board and the Management Board of the Company for 2015.
Decision: The General Meeting of the Shareholders determines the monthly remuneration of the members of the Supervisory Board and the Management Board of the Company for 2015 amounted to 1000 leva.
10. Amendments to the Articles of Association of the Company.
Decision: The General Meeting of Shareholders approves the following changes in the Articles of Association of the Company:
1. In Article 32, Paragraph 2 shall take the following wording:
The Management Board shall consist of 3 /three/ to 5 /five/ members. The Supervisory Board shall determine the number and the personality of the members of the Management Board.;
2. In Paragraph 2 of the Final Provisions after the phrase "and a decision of the Management Board on 06.04.2015 г. and on the grounds of Article 12а of the Statute, in relation with Article 196 of the Law on Commerce in connection with the conversion of bonds issued by the Company in shares" a comma shall be added and the phrase "and with a decision of the General Meeting of the Company held in the city of Sofia on 24.06.2015." shall be supplemented.
11.Selection of a registered auditor of the Company for 2015.
Decision: The General Meeting of the Shareholders selects the recommended by the Audit Committee registered auditor of the Company for 2015 - Ernst & Young Audit OOD.

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