Shares

Issued shares

The company has a capital of 39 000 000 BGN, distributed in 39 000 000 pcs shares. The shares of Monbat are common shares held in electronic form with the Bulgarian Central Depository. Each share gives one vote and par value of Bulgarian Lev (BGN) 1. All shares belong to the same class and give equal rights to all shareholders.

The shares of the company are traded on official market segment B of the Bulgarian Stock Exchange.
BSE Code: 5MB

Shares Trade

The transfer of the shares of MONBAT Plc. is carried out in accordance with legislation. All the Bulgarian and foreign investors may acquire shares from the Company if they observe the requirements of the current national jurisdiction.

Shares Structure

Shareholder

Number of shares possessed

Percentage

Prista Oil Holding  Plc.

26 720 129 

68.51

Monbat Trading Ltd.

 2 752 800

7.06

  Free float

7 094 071

18.19

Company’s own shares

 2 433 000

6.24

Valid by September  2012  

Associated Companies:
“Prista oil Holding” Plc. is the majority shareholder in “Monbat” and one of the shareholders - “Monbat trading”, is a shareholder with a considerable portion in the shares structure and a member of the “Prista oil Holding” group as well.
Corporate Structure 

 

Dividend policy

DISTRIBUTION OF DIVIDENDS 2008

With reference to the adopted decision under p.9 from the agenda of the General Assembly of Shareholders of MONBAT Plc, held on May 16th 2008, for distribution of dividends, the Management Board of the company, on its session, held on May 22nd, 2008, approved the following conditions for payments of the dividends based on the established overall amount of BGN 3 482 000:

1. Gross amount of the dividend per one share - BGN 0.178;
2. Net amount of the dividend per one share - BGN 0.169 for shareholders - physical persons;
3. Commercial bank, chosen to pay the dividends - Unicredit Bulbank AD;
4. Method of payment of the dividend: To the shareholders, whose/which securities accounts are under Register A of the Central Depository /personal accounts/, the dividends will be paid through the branches of Unicredit Bulbank AD. To the shareholders, whose/which securities accounts are under Register B of the Central Depository /clients’ sub-accounts with the investment intermediary/, the dividends will be paid through the respective investment intermediary with the cooperation of Central Depository.
5. Initial date for payment of the dividend - June 23rd 2008.
6. Final date for payment of the dividend - Sept. 23rd 2008.
7. After expiration of the final date for payment of the dividend, within the 5-year period of prescription, all shareholders who/which had not receives their dividends for the year 2007 will have the right to receive their dividends from the company or through bank remittance after an explicit request, addressed to the company at its address of administration - 4, Golo Bardo St, Sofia or to fax: 02 9621146. Dividends which have not been received and have not been asked for after expiration of the 5-year period of prescription shall be taken in the company’s Reserve Fund.
8. The Management Board of the company assigns the Executive Director of MONBAT Plc - Valentin Mitov to sign the contract with Central Depository and Unicredit Bulbank AD regarding the distribution of dividends to the shareholders, as well as to publish in one central daily newspaper - Pari an announcement regarding the conditions for payment of the dividend.

DISTRIBUTION OF DIVIDENDS 2010

With reference to the adopted decision by the General Assembly of Shareholders of MONBAT Plc, held on 27.06.2011 for dividend distribution, the Management Board of the company, at its session, held on 12.07.2011, approved the following conditions for dividend payment based on the established overall amount of BGN 6 500 000:

1. Gross amount of the dividend per one share - BGN 0.17505;

2. Net amount of the dividend per one share - BGN 0.1662 for shareholders - physical persons;

3. Commercial bank, chosen to pay the dividend - Unicredit Bulbank AD;

4. Method of payment of the dividend: to the shareholders, whose securities accounts are under Register A of the Central Depository /personal accounts/, the dividends will be paid through the branches of Unicredit Bulbank AD. To the shareholders, whose securities accounts are under Register B of the Central Depository /clients’ sub-accounts with the investment intermediary/, the dividends will be paid through the respective investment intermediary with the cooperation of Central Depository.

5. Initial date for payment of the dividend - 01.08.2011;

6. Final date for payment of the dividend - 01.11.2011;

7. After expiration of the final date for payment of the dividend, within the 5-year period of prescription, all shareholders who had not receives their dividend for the year 2010 will have the right to receive their dividend from the company or through a bank transfer after an explicit request, addressed to the company at its registered business address: 4, Golo Bardo Str, Sofia or to fax: 02 980 4881. Dividends which have not been received and have not been asked for after expiration of the 5-year period of prescription shall be taken in the company’s Reserve Fund.

8. The Management Board of the company assigns the Executive Director of MONBAT Plc - Petar Petrov to sign the contract with Unicredit Bulbank AD regarding the distribution of dividends to the shareholders.

 DISTRIBUTION OF DIVIDENDS 2011 

At the regular annual session of the General Assembly of the Shareholders of MONBAT Plc, held on 25.06.2012 was adopted a decision for distribution of cash dividend in the total amount of BGN 6 300 000. Gross amount of the dividend per one share – BGN 0.17228. Net amount of the dividend per one share (only for physical person) – BGN 0.16367.


Shareholders rights

Shareholders in Public Companies have a multitude of rights regulated by the Bulgarian legislation. The most important law is the Law of Public Offering of Securities.
The most important rights for the shareholders are:
  • The right to vote;
  • The right of information;
  • The right of dividend;
  • The right of liquidation share;
  • The right to contest the decisions of the General Meeting when they are in contradiction with the Bulgarian law.