Source: http://www.ccbank.bg/en/about-us/investors/
Timestamp: 2018-08-16 08:36:47
Document Index: 78004505

Matched Legal Cases: ['Art.223', 'Art. 14', 'Art. 14', 'Art. 21', 'Art. 21', 'Art. 15', 'Art. 15', 'Art. 196', 'Art. 37', 'Art. 194', 'Art. 112', 'Art. 37', 'Art. 37', 'Art. 21', 'Art. 21', '§ 1', 'Art.223', 'Art. 116', 'Art. 116', 'Art. 116', 'Art. 115', 'Art. 227', 'Art. 92', 'Art.112', 'Art.112', 'Art.112', 'Art.112', 'Art. 112', 'Art.112', 'Art.112', 'Art. 112', 'Art.112']

To Investors | Central Cooperative Bank
About CCB »
Contact: Anton Filipov, “Investor Relations” Director at CCB PLC
Tel: (+359 2) 9266 570
The shares of the bank are book-entry, registered, whereas each share gives one vote at the General Meeting of Shareholders. The right to vote at the General Meeting occurs with the full payment of the issue value of each share and after entering the capital increase in the Companies Register. The right to vote is exercised by the persons, entered as shareholders in the registers of the Central Depository 14 days before the date of the General Meeting. The share gives right to dividend and the right of a liquidation share, commensurate with the share nominal value. The right to receive dividend belongs to the persons, entered as shareholders in the registers of the Central Depository AD on the 14-th day after the day of the General Meeting, at which the annual financial statements were approved and a decision was taken for profit allocation.
The conclusion of transactions with shares of CCB PLC is strictly and in detail regulated by the provisions of the Public Offering of Securities Act and the by-laws, associated with the act implementation, the rules of “Bulgarian Stock Exchange - Sofia” AD and of Central Depository AD.
The secondary trade with shares of CCB PLC is performed only at “Bulgarian Stock Exchange - Sofia” AD via the respective licensed investment intermediary. In order to buy or sell shares on the stock exchange, the investors submit a “buy”or “sell” order to the investment intermediary, of which they are clients. After the conclusion of a stock exchange transaction the investment intermediary carries out the necessary activities for the registration of the transaction at the Central Depository AD and performance of the transaction settlement (the performance of the concluded transaction),with which the shares are transferred from the account of the “seller” to the account of the “buyer”.
An exception from the rule that the commerce with company shares is performed only on the stock exchange exists with regard to the purchase – sale of shares, concluded in advance directly between the parties. In order to effect the transfer of the shares at the Central Depository AD the persons, who are parties under the transaction, shall present the respective data and documents to a licenses investment intermediary, performing activity as a registration agent. The investment intermediary announces information about the transaction in the way, specified in Regulation 1287/2006/EC or registers (announces) the transaction on the “Bulgarian Stock Exchange - Sofia” АD and performs the necessary activities for the registration of the transaction at the Central Depository AD and for the transaction clearing. In an analogous way – via the investment intermediary – registration agent, the transfer of shares in case of donation and inheritance is effected.
Establishment act of the bank
Articles of Association (1.2 MB)
The Management Board of Central Cooperative Bank Plc, Sofia (CCB Plc), on the grounds of Art.223 CA, calls a regular annual General meeting of the shareholders (GMS) on 28.06.2013 at 10,00 a.m. in the building of CCB Plc, Sofia, 103 G.S.Rakovski st, under the following agenda:
1. A report on the activity of CCB Plc for 2012; draft decision: GMS accepts the report on the activity of the Bank in 2012;
2. A report of the specialized auditing company; draft decision: GMS accepts the report of the specialized auditing company;
3. An approval of the annual financial statements and the annual consolidated financial statements for 2012 and a proposal for profit allocation; draft decision: GMS approves the annual financial statements and the annual consolidated financial statements for 2012 and takes a decision for transferring the profit to the Reserve fund;
4. A report on the activity of the Internal Audit Department in 2012; draft decision: GMS approves the report for the activity of the Internal Audit Department in 2012;
5. A report by the investor relations director about his activity in 2012; draft decision: GMS approves the report of the investor relations director about his activity in 2012;
6. Releasing from responsibility the members of the Supervisory Board, the Management Board and the Procurator about their activity in 2012; draft decision: GMS releases from responsibility the members of the Supervisory Board, the Management Board and the Procurator about their activity in 2012;
7. Changes in the company articles of association; draft decision:
The General Meeting amended the Bank articles of association, as follows:
A new Art. 14 is created, as follows:
„Art. 14 (new 06.2013) (1) At the decision of the General Meeting of the Shareholders or of the Management Board, within the authorization under Art. 21, para. 1, p. 2 of the Articles of Association, in the presence of a subsequent approval by the Supervisory Board, the Bank may issue privileged shares, with a term or without any term, with a guaranteed and/or additional and/or accruing dividend, with a privilege for repurchase, as well as with all other privileges, allowed under the effective legislation. The Bank shall not issue privileged shares, authorizing more than one vote or of an additional liquidation share.
(2) At the decision of the General Meeting or of the Management Board, within the authorization under Art. 21, para. 1, p. 2 of the articles of association, the Bank may issue privileged shares without a voting right, giving rights under para. 1, sentence one.
A new Art. 15 is created, as follows:
Art. 15 (new 06.2013) The shares with equal rights form a separate class of shares.”
Article 21, para. 1, p.2 is amended, as follows:
„2. (supplemented 12.2007, amended 10.2008, supplemented 06.2013) The General Meeting increases and decreases the capital. On the grounds of Art. 196 of CA, it authorizes the Management Board, upon the respective implementation of p.7 and Art. 37, para. 2 of the articles of association and the presence of a subsequent approval by the Supervisory Board, within 5 (five) years of the registration of the amendment of the articles of asscoaition in the Companies Register, to take decisions about a company capital increase via the issuance of new ordinary and/or privileged shares with a total nominal value for the specified term up to BGN 90 000 000 (ninety million), issued only as a result of converting the instruments under p.7, whereas it can limit or exclude the right of the shareholders under Art. 194 of CA and Art. 112, para. 1, sentence one of POSA with the aim of ensuring the rights of the holders of convertible bonds, warranties and in the other cases allowed by the legislation (if applicable) to convert their bonds and other financial instruments into shares.”
Article 21, para. 1, p.7 is amended, as follows:
„7.(amended ’02; amended 06.2005; amended 06.2013) approves the issuance of bonds, respectively the bonds conversion into shares, in keeping with the regulatory determined competence and hypotheses in CA and POSA. It authorizes the Management Board, in the respective implementation of Art. 37, para. 2 of the articles of association and the presence of a subsequent approval by the Supervisory Board, within 5 (five) years, as from the date of registration of the amendment of the articles of association in the Companies Register, to take decisions for the issuance of convertible debt–equity (hybrid) instruments, including convertible loans, convertible bonds and instruments, which correspond to the requirements of tier and tier two capital, in keeping with the applicable legislation, concerning the capital adequacy of the credit institutions (Ordinance № 8 of BNB), to the total amount for the specified term up to EUR 45 000 000 (forty-five million) or the equivalent amount in another currency. In the decision for issuing the instruments the Management Board determines the term, the conditions and the procedures for converting the instruments into shares /including the conversion ratio / and the transaction counterparty, when applicable, whereas it determines also all the other parameters and circumstances, determined in the regulations or necessary for effecting the conversion.”
Article 29, para. 2 is amended, as follows:
/2/ (amended 06.2009, amended 06.2013) The members of the Supervisory Board are elected by the General Meeting for a term of five years and may be relected without limitation. The persons under sentence one may be elected after the preliminary approval by BNB.
Article 34, para. 3 is amended, as follows:
/3/ (amended 06.2003, amended 06.2013) The members of the Management Board are elected by the Supervisory Board for a term of five years. They may be reelected without any limitation, as well as to be released or replaced at any time by the Supervisory Board.
In Art. 37a new para. 2 is introduced, as follows:
„/2/ (new 06.2013) In the decisions under Art. 21, para. 1, p. 2, respectively, Art. 21, para. 1, p. 7 the Management Board determines: the amount and the purposes of the financing; the number and the type of the new shares, respectively, other financial instruments, the rights and privileges associated with these financial instruments; the term and the conditions for transferring the rights in the sense of § 1, p. 3 of POSA, issued against the existing shares; the term and the conditions for subscribing the new shares / other financial instruments; the amount of the issue value (including other than the nominal value) and the term and the conditions for the payment of the issue value; the investment intermediary, to which the realization of the subscription is assigned (when applicable); as well as it determines all the other parameters and circumstances, intended in the regulations or necessary for the realization of the respective issues of debt –equity (hybrid) instruments, respectively, shares.”
8. Election of the members of the Supervisory Board; draft decision: GMS elects the members of the Supervisory Board, according to the intended issues in the materials under the agenda of GMS.
9. Determining the amount of the remuneration and the guarantees for management of the members of the Supervisory and Management Board and the term, for which they are due; draft decision: GMS determines the amount of the remuneration and the guarantees for management of the members of the Supervisory and Management Board of the company and the term, for which they are due;
10. Election of a specialized auditing company for 2013; draft decision: GMS elects “Deloitte Audit” OOD, UIC 121145199, as a specialized auditing company, which carries out an audit of the annual financial statements of the Bank for 2013.
11. Election of the members of the audit committee; draft decision: GMS elects members of the audit committee, according to the intended issues in the materials under the agenda of GMS;
All the company shareholders are invited to participate personally or via a representative.
During the meeting the shareholders are entitled to raise issues associated with all points of the agenda, as well as other issues, concerning the activity and the state of the company, issues, no matter they have been specified in the agenda of the meeting.
On the day of the meeting each shareholder may make proposals for solution of the issues, included in the agenda of GMS and the deadline for exercising this right is till the end of the discussions of the respective point during GMS.
The persons, who own together or separately at least 5 % of the capital of CCB Plc, may demand the inclusion of issues and propose solutions to already included issues in the agenda of the general meeting by the procedurtes of Art.223а of the Commerce Act /CA/. Not later than 15 days before the opening of GMS these shareholders shall present for announcement in the Companies Register a list of the questions, which are included in the agenda and the proposals for solution. With the announcement in the Companies Register the issues are considered included in the proposed agenda. As late as the next workday after the announcement the shareholders present the list of questions, the proposals for solutions and the written materials at the head-office and address of administration of the company, as well as at the Financial Supervision Commission.
For registration and participation in GMS the shareholders – individuals present an identity document. For the shareholder – legal entities it is necessary to present an original of the actual certificate of the commercial registration and an identity document of the legal representative, present at the meeting.
The shareholders of the company are entitled to auhtorise any individual or legal entity to participate and vote at GMS on their behalf. A member of the MB and SB of the company may represent a shareholder, only if the latter explicitly specified in the POA the way of voting under each of the points of the agenda.
The proxy has the same rights to give an opinion and to ask questions at GMS, as the shareholder, represented by him/her. The proxy shall exercise the voting right in keeping with the instructions of the shareholder, contained in the POA. The proxy may represent more than one shareholder at GMS. In this case the proxy may vote in a different manner concerning the shares, held by the distinct shareholders, which he/she represents.
In case a shareholder is represented at GMS by a proxy, the presentation of an identity document by the proxy and an original of the explicit written power of attorney, certified by notary public, issued by the shareholder for the specific event with the contents under Art. 116, para. 1 of POSA are necessary. In case the shareholder is a legal entity, the proxy presents additionally an original of the up-to-date certificate of commercial registration of the shareholder –authoriser.
In case a shareholder is represented at GMS by a proxy – legal entity, an identity document of the representative of the proxy is presented, an original of the up-to-date certificate of the commercial registration of the proxy, an orgininal of the up-to-date certificate of the commercial registration of the shareholder – authorizer /if applicable / and an original of the respective explicit written power of attorney, certified by notary public with the contents of Art. 116, para. 1 of POSA.
The proxies to represent shareholders at GMS, shall inform CCB Plc about that and present at the address of administration of the company the original of the POA as late as one work day before the day of GMS.
The POA shall be for the specific GMS to be explicit and to specify at least: the data of the shareholder and the proxy; the number of the shares, to which the POA refers; the agenda of the issues, proposed for discussion at GMS; the proposals for solution for each of the issues, included in the agenda; the way of voting for each of the issues, or specifying that the proxy has the right of discretion whether and in what way to vote; the date and signature.
Together with the materials for GMS, CCB Plc provides a sample of the power of attorney on a paper and electronic carrier. The sample is available at the company web site: www.ccbank.bg.
The power of attorney, issued in breach of the rules of Art. 116, para. 1 of POSA, as well as the reauthorization with the rights under the issued power of attorney, shall be null and void.
The company provides the possibility the authorization to be performed via the use of electronic means. In this case, the power of attorney shall be signed autographically, scanned and signed, as an electronic document, with a qualified electronic signature of the authorizer, in the sense of the Law on the Electronic Document and the Electronic Signature / it shall be proceeded in an analogous manner upon any withdrawal of the power of attorney /. The power of attorney drawn up in this way, together with the explicit notification by the authorizer about the performed authorization electronically, shall be sent to the company via email at: osa@ccbank.bg. To the electronic notification of authorization the authorizer attaches scanned originals of: power of attorney, prepared according to the sample affirmed by the company; certificate of actual registration (if applicable). All the electronic copies of the documents shall be signed with a qualified electronic signature of the shareholder– authoiser (for individuals), or of the legal representative of the shareholder – authorizer (for legal entities).
The certificate of the commercial registration, as well as the power of attorney for representation at the General Meeting, issued in a foreign language, shall be, if necessary, according to the effective legislation in the Republic of Bulgaria, certified by an apostille, respectively legalized, and translated into Bulgarian by a sworn translator. The Bulgarian translation shall be considered true and correct.
According to the company articles of association, voting via correspondence or electronic means shall not be allowed.
The Management Board of CCB Plc informs that the total number of the shares, respectively, the total number of voting rights at the general meeting of the shareholders of the company as at the date of the decision of the board to call the general meeting – 09.05.2013, is 113 154 291. On the grounds of Art. 115b, para. 1 of POSA the voting right at the general meeting is exercised by persons, entered in the registers of the Central Depository as company shareholders 14 days before the date of the general meeting. Consequently, the right to participate and vote at the general meeting of the shareholders called on 28.06.2013 belongs only to the persons, entered as company shareholders on 14.06.2013.
The written materials associated with the points from the agenda of the meeting are at the disposal of the shareholders at the company address of administration: Sofia, 103 G.S.Rakovski st., each workday from 8:30 a.m. to 17:30 p.m. The invitation with the written materials, as well as the conditions and procedures for obtaining POAs via electronic means, are published at the web site of CCB Plc /www.ccbank.bg/ from the announcement of the invitation in the Companies Register to the end of the general meeting.
The registration of the shareholders shall be made on the day of the general meeting from 9:00 to 10:00 a.m.
Upon the lack of a quorum, on the grounds of Art. 227 CA, the general meeting will take place on 16.07.2013 at 10,00 a.m. at the same place, under the same agenda and under the same requirements and registration procedure. Points by the procedures of 223а of CA shall not be included in the agenda of the new meeting.
Protocols of the annual general meetings of CCB
Information to the auditors
The auditors of the bank are Deloitte Audit OOD .
Important information, concerning the bank business
Notification of the initial public offering of shares of
Central Cooperative Bank Plc, on the grounds of Art. 92а, para. 2 of POSA, informs the investors about the beginning of the initial public offering of 30 000 000 /thirty million / new book-entry ordinary shares with a nominal value 1 /one/ lev and an issue value of BGN 1,50 /one lev and fifty stotinkas/ each, according to a decision of the Management Board dated 21.07.2011 for the company capital increase from BGN 83 155 092 /eighty-three million one hundred fifty-five thousand and ninety-two leva / to BGN 113 155 092 /one hundred thirteen million one hundred fifty-five thousand and ninety-two leva / and in keeping with the Prospectus for the public offering of the company shares, approved by the Financial Supervision Commission (FSC) with Decision № 621 – Е dated 06.10.2011.
The subscription for the issuance of the new issue is considered successful, respectively the capital of Central Cooperative Bank Plc will be increased only by the value of the subscribed and paid shares, provided that till the subscription deadline at least 15 000 000 (fifteen million) new shares are subscribed and paid.
Based on Art.112b, para.2 of POSA, the right to participate in the capital increase belongs to persons that have acquired shares as late as 7 days after the date of promulgating the notification for capital increase in State Gazette. On the following day “Central Depository” АD (“CD” AD) opens accounts for rights of these persons based on the book of shareholders. Against each share, acquired at the end of the specified term, one right is issued. Each person may acquire rights in the period for the rights transfer /trade and at the evident auction. Each person may subscribe at least 1 new share and as much as such number of shares, corresponding to the number of acquired rights and/or possessed rights, divided by 2.7718364, whereas the result is approximated to the smaller integer. In case the obtained result is not an integer, this is rounded up to the smaller integer.
The initial term for the transfer of rights, according to Art.112b, para. 4 and para. 5 of POSA, is the second working day, after the expiry of 7 days from the day of promulgating the notification in State Gazette and its publication in one central newspaper, but not earlier than the expiry of the term under Art.112b, para. 2 POSA /the opening of the accounts for the rights by “CD” AD/.
The deadline for the transfer of the rights, according to Art.112b, para. 4 POSA – the first working day, after the expiry of 14 days, as from the initial date for transferring the rights.
The transfer of the rights via their purchase and sale (rights trade), is performed on the rights market on the Bulgarian Stock Exchange – Sofia AD (“BSE-Sofia” AD or the “Stock-exchange”), regardless of the market, on which the shares of the issuing company were registered, via submitting an order for sale to the respective investment intermediary (II), at which accounts were opened for rights of the respective clients, respectively via an order for purchase to the investment intermediary, member of the Stock Exchange. For the acquisition of rights in the other ways the provisions of the rules of “CD” AD shall apply. The initial term for rights trade coincides with the initial date under p. 2. According to the rules of “BSE-Sofia” AD, the last date for rights trade on the stock exchange is 2 working days before the end date under p.3.
The shareholders, who do not want to participate in the capital increase, as well as all other owners of rights, are entitled to sell their rights by the specified procedure till the end of the stock exchange session on the last day for trading the rights, respectively to dispose with them via other means till the last for transferring the rights, but not later than the intended in the rules of “CD” AD. On the 5th working day after the end date of the term for transferring the rights under p. 3 Central Cooperative Bank Plc, via Central Cooperative Bank Plc, the city of Sofia (CCB Plc), offers for sale under the conditions of evident auction these rights, against which no shares were subscribed from the new issue till the expiry of the term for transferring the rights. The amounts, obtained from the sale of the rights, are transferred to a special account, opened by “CD” AD, and shall not be used till the entry of the capital increase in the Companies Register. Disposing with the amounts, received from the sale of the rights, as well as in the term for their transfer, as well as in the auction, is made with the collaboration of “CD” AD under the conditions and by the procedures of its rules. At the beginning of each working day during the subscription “CD” AD publicly announces information of the rights, exercised till the end of the previous working day. The persons that acquired rights upon the sale via evident auction may subscribe the respective number of shares till expiry of the deadline for subscription under p. 6.
Initial term for the subscription of shares – the term under point 2. The deadline for the subscription of the shares, according to Art. 112b, para. 5 POSA – the first working day, following the expiry of 15 working days from the day, on which there expires the term for transferring the rights. No subscription is allowed before and after the specified term for subscription. The subscription of the shares from the new issue will be performed under the following conditions and procedure: The persons that obtained rights to personal accounts, state the transfer of the rights at the authorized investment intermediary CCB Plc or at another II. The persons, having shares with rights, as well as all other owners of rights, who acquired the same within the term for their transfer, may subscribe against them the respective number of shares till the expiry of the term for the transfer of the rights under p. 3., whereas otherwise their unexercised rights will be sold ex officio at an open auction. The persons that acquired rights upon the sale at an open auction may subscribe the respective number of shares till the deadline for the subscription of shares. The subscription of shares is performed via submitting written applications. All the persons, having shares with rights, as well as all other owners of rights, acquired within the term for their transfer and/or at the open auction, submit the applications for the subscription of shares to the authorized II CCB Plc, servicing the capital increase, or to the investment intermediaries, members of “CD” AD, at which the client accounts are maintained for the rights owned by them, according to the effective procedures in the rules of “CD” AD. Upon submitting an application to the II, at which the client accounts are maintained for the rights possessed by the client, the respective II informs CCB Plc on the phone or via another distance means of communication every working day from the subscription term. In case the shares of the owner of rights are maintained at subaccount with II, other than the investment intermediary, servicing the capital increase and the owner submits an application for the subscription of shares to the latter II, there should be a transfer of the shares to the client account at the II, servicing the capital increase. The application for the subscription of shares is submitted to the above specified investment intermediary every day from 9 a.m. to 17 p.m. in keeping with the rules of “CD” AD and under the following conditions: The application for the subscription of shares shall contain at least the three names /identification/ and a unique client number of the person and of its representative or proxy, if such numbers are not appropriated: the three names and surnames, ID number, place of residence and address, respectively identification, UIC, head-office and address of the client and of its representative or proxy. If the client is a foreign person, the application shall contain analogous identification data. The application shall contain also: the issuer, the ISIN code of the issue and the number of shares, to which the application related; the date, time and place of submitting the application, the signature of the person, who submits the application. The following documents are appended to the application:
а) an original or a copy certified by notary public of the certificate of actual registration at the Companies Register of the applicants – legal entities, issued not earlier than 1 month before the date of submitting the written application;
b) for foreign legal entities – a copy of the registration act (or another identical evidencing document) in the respective foreign language, a legalized translation of the text of the registration act, containing the full identification of the legal entity, the date of issuance and the country of registration, address of the legal entity, names of the persons, authorized to represent it;
c) an original of the explicit power of attorney, certified by notary public in case of submitting the application via a proxy. The legal entities submit applications via their legal representatives or via a proxy with an explicit power of attorney certified by notary public, whereas they identify themselves via an identity document (whereas a copy of the document is appended to the application) and a certificate of the actual registration at the Companies Register, certified by the legal representative. The individuals submit the applications in person or via a proxy, whereas these persons identify themselves via an identity document and include in the application a copy of the document, certified by them. The foreign individuals identify themselves with their original foreign passport for visiting the Republic of Bulgaria and include in the application a legalized original translation of the pages of the passport, containing information about the full name; number of the passport, date of issuance (if present in the passport); nationality; address (if present in the passport) and an ordinary copy of the translated pages of the passport, containing other information and a picture of the person. The application may be submitted also via a proxy that identifies itself with an explicit power of attorney, certified by notary public and the documents, specified above, in compliance with the authorizer (legal entity or individual). The company makes possible the subscription of shares via distance means via “CD” AD and its members. Based on Art.112b, para. 9 POSA the applications may be made via distance means of communication, whereas within two days after this application, but not later than the day, on which the term for the subscription of shares from the capital increase expires, the applicant shall present and sign the indicated documents in the established procedure. The subscription of shares is considered effective, only if it is made by a shareholder with voting shares and/or by another owner of rights up to the maximum possible number of shares and the whole issue value of the subscribed shares has been deposited within the term and under the conditions, specified below. Upon a partial payment of the issue value the respective number of shares shall be considered subscribed, for which the same was paid in full. The depositing of the issue value of the subscribed shares is made on a special capital raising account in the name of Central Cooperative Bank Plc at “UniCredit Bulbank” AD, IBAN: BG08 UNCR 7000 1520 1971 18, BIC: UNCRBGSF. The capital raising account shall be credited as late as the expiry of the last day of` the subscription. The payment order or deposit slip shall specify the names /company name and ID No /UIC of the person, subscribing shares, the number of the subscribed shares, the total amount of the due and performed deposits, whereas a copy of the payment document is submitted to the authorized investment intermediary CCB Plc, as late as the expiry of the last day of the subscription under p. 6. The gathered funds on the special account may not be used before the end of the subscription, the entry of the capital increase in the Companies register and the registration of the issue in “CD” AD.
If all shares from this issue are subscribed before the deadline of the subscription, Central Cooperative Bank Plc announces the subscription termination, informing Financial Supervision Commission (FSC) within 3 work days and undertakes the necessary activities for entry in the Companies Register and for registration of the issue in FSC, “CD” AD and “BSE - Sofia” AD.
If by the deadline of the subscription not all shares of the issue are subscribed and paid, but are subscribed and paid at least 15 000 000 shares, the capital is increased to the amount of the subscribed and paid shares, whereas the necessary activities are undertaken for informing FSC, entry in the Companies Register and registration of the issue in FSC, “CD”АD and “BSE-Sofia” AD.
The capital increase with rights excludes the possibility to subscribe more than the offered shares.
In case the subscription ends unsuccessfully, within 3 days from the day, on which the term for the subscription of shares ends, Central Cooperative Bank Plc publishes a notification about that in two central newspapers (“Pari”and “Novinar” newspapers) and informs the deputy chairman, in charge of “Investment Activity Supervision” of FSC, by the procedures of Art.112b, para.12 POSA. The company announces on the place of the subscription the conditions and the procedures for returning the raised amounts. The deposited amounts, together with the interest accrued by the bank, if any, will be returned to investors within 30 days of the notification under Art. 112b, para. 12 POSA via a transfer to the bank account, specified by them or cash. In case that the capital increase is not entered in the Companies Register, the company informs the Financial Supervision Commission within 7 (seven) days from the refusal.
The conditions, procedures and term for receiving the subscribed shares (for transferring the shares to the accounts at the Central Depository of the persons, who have subscribed them, and for receiving the evidencing documents, associated with the shares): After entering the capital increase in the Companies Register, the company registers the issue of shares at the Central Depository, stating the registration of the new shares in client subaccounts to the shareholders that have acquired new company shares, at the investment intermediary, via which the rights were exercised. The issuance of depository receipts is performed by the Central Depository. Within 3 days from the receipt thereof by “CD” AD the receipts are submitted without any deadline from 9 a.m. to 17 p.m. every working day to their title-holders or any persons, authorized by them with an explicit power of attorney, certified by notary public in the office of the investment intermediary, servicing the capital increase – Central Cooperative Bank Plc, where the persons have subscribed shares from the capital increase. The persons, who have subscribed shares via an investment intermediary other than Central Cooperative Bank Plc, receive their depository receipts from the latter under the same preconditions and procedures. The overdeposited amounts are reimbursed by the respective branch of “UniCredit Bulbank” AD, where the deposits were made, in the manner specified by the investor – to an account or at the cashiers within 30 days after the date of the notification under Art.112b, para.12 POSA.
In the Articles of association of Central Cooperative Bank Plc there are no conditions and limitations for the transfer of the shares. The transfer of the shares is effected by the procedures of POSA, the by-laws associated with its implementation, the rules of “BSE – Sofia” AD and the rules of “CD” AD. The transfer of the shares, issued by the company, is effective from the registration of the transaction at “CD” AD. The purchases and sale of shares, issued by the company, are performed on the regulated market of securities (“BSE–Sofia” AD), via II and outside the regulated market and the multilateral system for trading shares. The transactions may be concluded directly, whereas the transaction settlement is performed with the intermediation of II. The direct conclusion of transactions between individuals in the specified way is admissible, only if it does not lead to breaching the ban on concluding transactions with securities by occupation. The transfer of company shares via donation and inheritance is performed also via II, carrying out the activity of a registration agent.
The risks, concerning the activity of the issuer and investing in the securities of the issuer have been specified in detail in the prospectus. The investors may acquaint themselves with the prospectus for the public offering of the shares of Central Cooperative Bank Plc, consisting of a Resume, the Registration document and the Document of the offered securities, each working day from 9.30 a.m. to 17.30 p.m. in the office of Central Cooperative Bank Plc, the city of Sofia, 103 G.S.Rakovski str., tel. 981 73 94, contact person: Zdravko Vasilev, and in the office of the investment intermediary Central Cooperative Bank Plc, the city of Sofia, 103 G.S.Rakovski str., web site:www.ccbank.bg, tel. 981 73 94, contact person: Zdravko Vasilev, every working day from 9.00 a.m. to 17.30 p.m. The prospectus and the additional public information about Central Cooperative Bank Plc may be obtained from the public register of FSC (www.fsc.bg), as well as from “BSE – Sofia” AD.
Application (64.0 KB)
In December 2010 the Bulgarian Credit Rating Agency awarded to Central Cooperative Bank Plc a long-term credit rating, grade: BBB, outlook: stable and a short-term rating: А-2.
The awarded investment grade rating concerns the stable positions of the Bank, its high liquidity, the deployment of the client base and the attracted funds, along with excellent financial results.
BCRA is a Bulgarian credit agency, licensed by the Financial Supervision Commission to award credit ratings, used in the methodologies of FSC to determine the minimum conditions, with which banks comply, accepting deposits from pension social security companies on the Bulgarian market. BCRA is the only Bulgarian credit agency in the list of candidates for license from the Committee of European Securities Regulators (CESR) and capable of awarding ratings, used by the committee in its requirements and valid on the territory of the European Union.
Certificate (504.2 KB)