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EMKA to distribute BGN 0.07 gross DPS and increase its capital by BGN 215k (NEUTRAL)

The shareholders of EMKA approved to distribute a total of BGN 1 584 636.13 as dividends for 2017 (+40% YoY), equivalent to BGN 0.07 gross DPS. The amount corresponds to 46.7% payout and 2.4% dividend yield at the last price of BGN 2.9 per share. In addition, the shareholders approved a BGN 215k capital increase to BGN 21 720 776, by issuing 215 000 new ordinary shares with issue and nominal value of BGN 1.0 per share. Rights to subscribe new shares would have only members of the BoD and the management personnel at the company.

Source: EMKA; FFBH

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