Shareholders of Billboard AD will vote on June 30 for double capital increase. The proposal of including an addition item on the agenda of the OSA is of Vasil Genchev having obtained more than 5 percent of the company's capital for more than three months.

The proposal provides for an increase in capital from the current 7.5 million BGL to 15 million BGL. This will be done by converting a part of company's reserves into capital by issuing new 7.5 million Book-entry registered shares with voting rights and nominal value of 1 lev each.

The new shares are distributed among shareholders in proportion to their participation in the capital until the increase, as right to participate in the allocation of the new shares, which increased the capital, are those having acquired shares no later than 14 days after the date of accepting the decision of OSA to raise capital. Against each old one, shareholders will receive one new.

Let us recall that yesterday the company informed the shareholders of Billboard AD that the subsidiary Motion Arts Ltd. was selected as the single ad operator to all indoor and outdoor advertising facilities of MALL VARNA.

Based on the concluded exclusive, five-year contract for advertising, the subsidiary will build and maintain all the billboards, as well as all additional non-standard forms of advertising.