March 19, 2010
Decisions of the extraordinary general
meeting of shareholders of Balkancar ZARYA PLC, dated on
17.03.2010
The extraordinary general meeting of
shareholders of Balkancar ZARYA PLC – Pavlikeni, held on
17.03.2010, has taken the follwing decisions:
-
Adoption of the decisions of the general meeting of
bondholders of corporate secured bonds issued by the
company underr ISIN BG2100015077,dated on 11.12.2009, and
adoption of the approved on 11.12.2009 by the general
meeting of bondholders amendments to the parameters of the
issue of corporate secured bonds in terms of:
-
Extension of the
debenture loan maturity by 12 months according to the
new repayment plan enclosed
-
Consent to the
fiannasial ratios, which Balkancar ZARYA PLC has to
maintain for the duration of the issue
-
Commitment of Balkancar ZARYA PLC to no dividend
distribution until all liabilities connected to the issue
under ISIN BG2100015077 are repaid
-
Authorization of the board to take all factual and
legal steps for the acquisition of 100% of the capital of
Watts Lanka Ltd. – Sri Lanka or to take measures for the
collection of the existing receivables of the company
-
Prohibition of the Board of Directors of Balkancar
ZARYA PLC and of the company’s representatives to carry out
transactions affecting the ownership of 100% of capital of
Watts Lanka Ltd. – Sri Lanka without the explicit consent of
the holders of bonds of the corporate secured bond issue
under ISIN BG2100015077
Balkancar ZARYA Plc. (BSE-SOFIA: ZARYA)
is the single Bulgarian company specialized in steel wheels
and rims manufacturing. The Company is recognized as a leading
international manufacturer and supplier of a wide range
of industrial wheels to the original manufacturers of fork-lift
trucks and tyre producers as well as supplier of original
wheel parts for the aftermarket. Balkancar ZARYA news and
information are available at http://www.balkancarzarya.com.
ZARYA, ZARJA, ÇÀÐß, Balkancar ZARYA, Moving forward and
the Balkancar ZARYA logo are registered trademarks or trademarks
of Balkancar ZARYA Plc. and/or its affiliates in the Republic
of Bulgaria and certain other countries. All other trademarks
mentioned in this document are the property of their respective
owners. The use of the word partner does not imply a partnership
relationship between Balkancar ZARYA and any other company.
This document is Balkancar ZARYA information to the public.
For further information, please contact:
Mr. P. Penchev
Investor Relations
Balkancar ZARYA Plc
tel.: +359 610.52501 ext.111
[email protected] |
