At a general meeting held 19 June, shareholders in Blagoevgrad BT AD approved to pay out 3 958 038.38 Leva (2 023 712.8 euros), or 50% of 2006 profit, as dividend (1.4645 leva per share).

Bonuses for the Board of Directors will be paid from the remaining 50% of 2006 profit, and the rest of the income will go to the Reserves Fund.

The general meeting also discharged Asen Shehov and Valentin Gruev from the Board of Directors and appointed Asen Shehov, Valentin Gruev and Mariana Kancheva as members of the new Board of Directors.

Ex-dividend date is 29 June 2007.

The initial proposal in May was for gross dividend distribution in the amount of 2 374 823.03 leva (1 214 227.7 euros), or 0.878 leva/share.

Blagoevgrad BT posted pretax profit in the amount of 7.042 mln leva (3 600 517.4 euros) in 1Q. Its principal shreholder is Bulgartabak Holding AD controlling 85.24% of the company's capital.

No transactions involving Blagoevgrad BT's stock have been made so far today on the BSE, bids and asks are currently at 58 leva and 64.40 leva per share.