| 02-07-2012 - Minutes from a General shareholders meeting |
| Company: CB Central Cooperative Bank AD-Sofia (4CF) The General Meeting of Shareholders of CB Central Cooperative Bank AD-Sofia (4CF) dated June 29, 2012 has passed the following decisions: - Adoption of the 2011 activity report of the management bodies - Adoption of the 2011 annual financial reports of the company /on individual and consolidated basis/ - Adoption of the report of the specialised audit firm on the verification of the 2011 annual financial report of the company - Election of a Chartered Accountant - Adoption of the report of the Internal Audit Unit - Adoption of the report of the Investor Relations Director - Release from responsibility of the members of the management bodies with regard to their activity in 2011 - Setting aside the 2011 profit to the amount of BGN 12,623,740.65 to the Reserve Fund - Adoption of a decision CCB AD to conclude a contract on a subordinate fixed debt under the following terms and conditions: 1. Creditor: one of the following entities: CCB Group EAD or Chimimport AD, which is to be elected under a decision of the Management Board of CCB AD; 2. Way of obtaining: by one-off instalment 3. Time period - 7 years; 4. Loan's amount: BGN 45,000,000; 5. Interest rate - 4.5 % flat interest rate per annum; 6. Interest payment - per annum, one-off payment, by the end of the period 7. Assigning the Management Board, within up to 6 months following the date of the present decision, to elect between the two entities specified above a creditor, with whom the subordinate fixed debt contract to be signed. - The GMS empowers the Executive Directors and the Procurator of CB Central Cooperative Bank AD to conclude a contract for undertaking a subordinate fixed debt. The Record of Proceedings taken at the Company's GMS has been posted on the web-site of the Exchange The entire notification may be accessed published on the financial web-site X3News |
