Notice for payment of dividend for 2020


We would like to inform you that in reference to the decision of the General Assembly of the Shareholders of Advance Terrafund ADSIC, held on 31.05.2021, regarding the distribution of dividend, the Board of Directors of the Company has set the following terms for payment of dividends for 2020:

1. Identification of the issue - ISIN BG1100025052, 85110091 shares, nominal value of one share - BGN 1.00, total amount of the dividend - BGN 9,276,999.92.
2. Gross dividend per share – BGN 0.109;
3. Net dividend per share – BGN 0.10335;
4. Selected commercial bank for payment of the dividends – DSK BANK;
5. Date as of which the shareholder composition is determined according to Art. 115c, para. 3 of the Law on the Public Offering of Securities – 14.06.2021;
6. Manner of dividend payment:
    6.1. To shareholders whose securities accounts are located in register A of the Central Depository AD (personal accounts), the dividends will be paid through the branches of DSK BANK AD;
    6.2. To shareholders whose securities accounts are located in register B of Central Depository AD (client sub-accounts with an investment intermediary), the dividend will be paid through the respective investment intermediary with the cooperation of Central Depository AD;
7. Start date for dividend payment – 05.07.2021;
8. End date for dividend payment trough DSK BANK AD – 05.07.2022;
9. After the expiry of the deadline for dividend payment, within the five-year lapse period each shareholder who has not received the dividend for 2020 will be able to receive it by the Company in cash or through bank transfer after an expressed request thereof at the management address of the Company - 1 Zlatovruh Str., Lozenets, Sofia. Any not received and not requested dividends after the expiry of the five-year lapse period shall be transferred to the Reserve Fund of the Company.

© 2020 Advance Terrafund

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