Information for Investors

Investor Relations Manager

Mr. Ognyan Dechev; phone: +359 882 933 525; phone: +359 32 585 886

On July 7, 2013, Mr. Ognyan Dechev was appointed as Investor Relations Manager of Technology and Innovation Corporation PLC.

Download the notification of new Investor Relations Manager: uvedomlenie_kti.pdf

 

On June 28, 2013, at the corporation’s head office in Plovdiv, at 27A, Hristo Botev Blvd, was held the regular annual General Assembly of Shareholders of Technology and Innovation Corporation PLC, UIN: 115086942.

Download the minutes of meeting of the GAS of TIC PLC of June 28, 2013: prot_osa_2013_kti.pdf

 

Invitation to attend the regular annual General Assembly of Shareholders of TIC PLC

 

By decision of the Board of Directors of Technology and Innovation Corporation PLC made at the meeting held on May 15, 2013, the regular annual meeting of the General Assembly of Shareholders is set for June 28, 2013 at 3 PM at the corporation’s head office in Plovdiv, 27A, Hristo Botev Blvd, with the following agenda:

 

1. Approval of the Corporation’s Statement of Operations for 2012;

2. Approval of the report by the Investor Relations Manager;

3. Approval of the report by the certified accountant concerning the 2012 audit of the Corporation on individual basis and on consolidated basis;

4. Approval of the 2012 Corporation’s individual financial statement;

5. Approval of the 2012 Corporation’s consolidated financial statement;

6. Passing resolutions on the distribution of net profit made in 2012;

7. Relief of responsibility of the members of the Supervisory Board and the members of the Board of Directors for their activities in 2012;

8. Setting out the extent of remuneration of the members of the Board of Directors that are not entrusted with direct management;

9. Nomination of Corporation’s certified accountant for the 2013 exercise;

10. Various

 

Download the Invitation to attend GAS and documents related to the agenda: kti_materiali_pokana_za_kfn.rar

 

Notification of changes to the Corporation’s name, transfer of registered head office, changed system of management and new bylaws.

Enclosures: uvedomlenie_kti_promeni_2012.doc
ustav_kti_2012.pdf
aktualno_kti_25_07_2012.pdf

Capital

The capital of Technology and Innovation Corporation PLC amounts to BGN 24 000 064 and is distributed into 24 000 064 voting shares of face value BGN 1 each.

Distribution of shares

Shareholders in Technology and Innovation Corporation PLC are 32 legal entities that hold 16 917 455 shares, and 25 033 natural persons that hold 7 082 609 shares. These rates vary based on the continuous trade of shares on the Bulgarian Stock Exchange – Sofia PLC.

Every share in Technology and Innovation Corporation PLC gives right to:

  • one vote at the general assembly of shareholders;
  • dividend depending on the share’s face value;
  • liquidation quota.

Dividends

Throughout its existence, Technology and Innovation Corporation PLC has been distributing profit in the form of dividends to its shareholders. In 2008, the net profit for the 2007 exercise was distributed in the form of new shares, each shareholder receiving three new shares for one share held.

Dividends per share in BGN

Fiscal yearValue, BGN
1997 0.05
1998 0.048
1999 0.048
2000 0.048
2001 0.048
2002 0.0168
2003 0.0168
2004 0.0168
2005 0,0168
2006 0.0168

Taxation

  • Revenue from trade in shares of public companies is not taxable:
    • For legal entities, see Article 44, Corporate Income Taxation Act;
    • For natural persons, see Article 13(1)(3), Individuals’ Income Taxation Act.
  • Where dividends are paid:
    • For legal entities this income is tax free, see Article 27(1)(1), Corporate Income Taxation Act;
    • For all others: 5% withholding tax.

What to do to receive dividends?

  • The shareholder must produce identity documents;
  • A shareholder that represents another person or entity must produce a duly notarized power of attorney;
  • In case a shareholder passed away, his or her heirs may receive dividends by appearing in person and producing a certificate of heirs or by authorizing by notarized power of attorney one of the heirs to act on behalf of all;
  • In case shareholder’s personal data is different from the information on the payroll dividend is not paid. Shareholders may contact the corporation’s headquarters for a solution of such an issue.

What do you need to know to trade in the shares of Technology and Innovation Corporation PLC?

  • The shares of Technology and Innovation Corporation PLC are traded on the Bulgarian Stock Exchange;
  • Anyone who wants to trade in these shares (buy or sell), to transfer shares or to receive a depository receipt may do so by contacting any investment broker;
  • Shares are inherited. When a shareholder passes away, his/her heirs should contact a licensed investment broker to carry out the transfer against payment of any due charges.

 

FINANCIAL STATEMENTS