The General Meeting of Shareholders of Telematic Interactive Bulgaria AD has approved a gross dividend of BGN 0.28 per share, totaling over BGN 3.6 million. The amount will be sourced from the company’s retained earnings, according to an official announcement.
As per the Bulgarian Stock Exchange (BSE), the dividend will be distributed through the Central Depository and First Investment Bank AD. Shareholders eligible to receive the dividend will be those registered in the central securities register by December 20, 2024. The last trading date to acquire shares with dividend rights is December 18, 2024, while payments will commence on January 10, 2025.
Shareholders also approved adjustments to the company’s share buyback program, setting a new price range of BGN 17.5 to BGN 25 per share. The buyback will now be open to all shareholders, including the majority owner, Eldorado Corporation. Repurchased shares may also be used for employee incentives.
Over the past year, Telematic Interactive’s stock has surged nearly 74%, with a market capitalization exceeding BGN 285.1 million. The company reported a 12% increase in individual revenues, reaching BGN 92.6 million as of September 2024, compared to the same period in 2023. Net individual profit for the reporting period stands at nearly BGN 16 million.
Source: Investor.bg
