Trace Group, Holding Varna enter Sofia bourse blue-chip index The Bulgarian Stock Exchange (BSE) said it will add construction company Trace Group Hold and diversified group Holding Varna to its blue-chip index SOFIX as part of the semi-annual rebalancing of the index. The two companies will replace chemical fertiliser producer Neochim and hydraulic equipment manufacturer M+S Hydraulic in the SOFIX index base as of March 19, the BSE said in a statement late on Thursday. The SOFIX tracks the 15 most liquid shares on the BSE. The BSE also revised the composition of two of its other indices. Speedy, Toplivo and Severcoop Gamza Holding will be added to the index base of the broader BGBX40 index. They will replace Yuri Gagarin [BUL:4PX], Bulland Investments and Sparky Eltos. Regarding the BGTR30 index, in which companies with a free float of at least 10% have equal weight, the BSE decided to add Sopharma Properties, Korado Bulgaria and Synergon Holding, which will replace Odessos Shiprepair Yard, Holding Nov Vek and Regala Invest in the index base. No changes will be made to the composition of the BGREIT index which tracks the performance of real estate investment trusts.
Source: Capital (12.03.2018)

Industrial Capital Holding increases its annual net profit by 24% Industrial Capital Holding AD increases its net profit by 24% to BGN 1.87 million, according to the annual report on an individual basis for 2017. The revenues from the activity of the joint stock company for the past year reported a growth of 21.6% to BGN 2.78 million. The dividend income of the holding from them amounted to BGN 2.65 million, which is 19% more than in 2016. The positive differences of operations with the financial instrument of Industrial Capital Holding have increased 3 times, as of 31 in May 2017 to reach BGN 108 thousand. The company's operating expenses increased by a minimum of 5% to BGN 810 thousand. Assets increased by 2.27% to BGN 16.7 million. Industrial Capital Holding AD continues to assist the individual companies in which it has a shareholding - EMKA AD, M + S Hydraulic AD, ZAI AD, Rubbolt AD and Siloma AD, by organizing and continuously restructuring the manufactured range of products and supports specific investment programs for the introduction of new technologies and new machines.
Source: investor.bg (27.03.2018)

Bulgaria's Stara Planina Hold expects 19.2% rise in Jan-May sales Bulgarian industrial group Stara Planina Hold [BUL:5SR] said on Wednesday that it expects its consolidated sales revenue to grow by an annual 19.2% to 103.8 million levs ($61.5 million/53.1 million euro) in the first five months of the year. Stara Planina Hold expects to book sales of 20.8 million levs in May alone, the company said in a bourse filing. In January-April, Stara Planina Hold's sales revenue increased 20.1% year-on-year to 83.0 million levs. Earlier on Wednesday, Stara Planina Hold said that its consolidated net profit increased to 2.4 million levs in the first quarter of 2018 from 2.2 million levs in the like period of last year. Stara Planina Hold's after tax profit, which includes net profit attributable to minority shareholders, amounted to 6.4 million levs in the first three months of the year, which compares to an after tax profit of 5.5 million levs in the same period of 2017, figures from the company's interim financial statement showed. Stara Planina Hold's operating revenue grew to 63.1 million levs in the quarter under review from 52.7 million levs in the same period of last year. The company's operating expenses rose to 55.8 million levs in the review period from 46.5 million levs the year before, as expenses for materials increased to 31.8 million levs from 27.5 million levs. Stara Planina's investment portfolio includes companies operating in machine building, electrical engineering and perfumery and cosmetics.
Source: Capital (31.05.2018)

M+S Hydraulic AD-Kazanlak (5MH) M+S Hydraulic AD hereby notifies of the results of the procedure for capital increase under Art. 112 (3) of the POSA, which has been closed on 26 July 2018: - Total number of subscribed shares: 390,000 new common, registered, dematerialised and voting shares of BGN 1.00 nominal value each; - Funds raised from the subscribed and paid shares: BGN 390,000 - The capital of M+S Hydraulic AD will be increased to BGN 39,445,200.
Source: BSE (31.07.2018)

BSE-Sofia has received an application for admission to trading of a subsequent issue of shares as follows: - Issuer: M+S Hydraulic AD-Kazanlak - ISIN of the issue: BG11MPKAAT18 - BSE code of the issue: 5MH - Amount of the issue prior to the increase: BGN 39,055,200 - Amount of the increase: BGN 390,000 - Amount of the issue following the increase: BGN 39,445,200 - Number of shares following the increase: 39,445,200 - Nominal value per share: BGN 1.00 /one Bulgarian lev/
Source: BSE (07.09.2018)

The following decisions have been adopted at a session of the BSE Board of Directors held under Record of Proceedings No. 54 of 10 September 2018: With reference to a Resolution passed by the FSC under No. 865-E of 04 September 2018 regarding the entry of a subsequent issue of shares of M+S Hydraulic AD in the Register of Public Companies and Other Securities Issuers under Art. 30 (1), item 3 of the FSC Act, the BSE Board of Directors admits to trading on the Standard Equities Segment of the BSE Main Market on the grounds of Art. 33 (8) in conjunction with Art. 19 of Part III - Listing Rules a subsequent issue of shares as follows: - Issuer: M+S Hydraulic AD-Kazanlak - ISIN of the issue of shares: BG11MPKAAT18 - BSE code of the issue of shares: 5MH - Amount of the issue prior to the increase: BGN 39,055,200 - Amount of the increase: BGN 390,000 - Amount of the issue following the increase: BGN 39,445,200 - Number of shares following the increase: 39,445,200 - Nominal value per share: BGN 1.00 /one Bulgarian lev/ - Type of shares: Common, registered, dematerialised and voting shares - Date of entry into trade: 12 September 2018 (Wednesday)
Source: BSE (11.09.2018)

The BSE Board of Directors has adopted the following decisions at a session held under Record of Proceedings No. 55 of 11 September 2018: I. Revision of the SOFIX index base Here follow the first fifteen (15) issues of shares meeting the requirements of Art. 9 of the Rules and of item 3 of Appendix No. 1, and classified according to items 4-7 of Appendix No. 1: BSE code Issuer Free-float market cap (BGN) Median weekly turnover (BGN) Number of deals Average value of the spread 6C4 Chimimport AD-Sofia 138672750 262711 1935 0.02505605 6A6 Advance Terrafund REIT-Sofia 102539361 123925 1546 0.01359743 3JR Sopharma AD-Sofia 225893241 108144 1476 0.01541421 5BU Bulgarian Real Estate Fund REIT-Sofia 33954443 38064 646 0.02991325 SKK Sirma Group Holding JSC-Sofia 30987378 54256 802 0.04797154 5F4 CB First Investment Bank AD-Sofia 63855000 28725 673 0.07506255 5MH M+S Hydraulic AD-Kazanlak 65997342 16381 560 0.05058748 SO5 Sopharma Trading AD-Sofia 64205405 12743 511 0.0467325 4CF CB Central Cooperative Bank AD-Sofia 48887406 15837 583 0.05022646 0EA Elana Agrocredit AD-Sofia 29468482 21180 587 0.0502549 5MB Monbat AD-Sofia 55161600 30835 474 0.059555 6AB Albena AD-Albena 67971761 14148 417 0.0606985 5SR Stara Planina Hold AD-Sofia 83051325 11594 329 0.07627606 4EH Eurohold Bulgaria AD-Sofia 110290394 10708 340 0.10014956 5V2 Holding Varna AD-Varna 85992327 11648 252 0.08198378
Source: BSE (12.09.2018)

As a result of verification under item 13 of Appendix No. 1, it appeared that the weight of the economic group including Sopharma AD and Sopharma Trading AD exceeds the 20% threshold as at 01 September 2018. In this connection, the issue of shares of Sopharma Trading AD is excluded from the above classification. The next issue classified according to items 4-7 of Appendix No. 1, that meets the requirements of Art. 9 of the Rules and of item 3 of Appendix No. 1, is the issue of shares of Trace Group Hold AD, which has the following parameters: BSE code Issuer Free-float market cap (BGN) Median weekly turnover (BGN) Number of deals Average value of the spread T57 Trace Group Hold AD-Sofia 18725137 12084 514 0.09243037 Based on the information above, the following issues are removed from the SOFIX index base: 4ID Industrial Holding Bulgaria PLC-Sofia 5DOV Doverie United Holding PLC-Sofia And the following issues are added: 5MH M+S Hydraulic AD-Kazanlak 0EA Elana Agrocredit AD-Sofia
Source: BSE (12.09.2018)

The BSE Indices Committee has adopted the following decisions at its session dated 11 September 2018: I. With reference to item 12 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6C4 Chimimport AD-Sofia 0.2704 6A6 Advance Terrafund REIT-Sofia 0.5877 3JR Sopharma AD-Sofia 0.4148 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 SKK Sirma Group Holding JSC-Sofia 0.6070 5F4 CB First Investment Bank AD-Sofia 0.1500 5MH M+S Hydraulic AD-Kazanlak 0.2261 4CF CB Central Cooperative Bank AD-Sofia 0.2483 0EA Elana Agrocredit AD-Sofia 0.6876 5MB Monbat AD-Sofia 0.1768 6AB Albena AD-Albena 0.3059 5SR Stara Planina Hold AD-Sofia 0.5859 4EH Eurohold Bulgaria AD-Sofia 0.3384 5V2 Holding Varna AD-Varna 0.4322 T57 Trace Group Hold AD-Sofia 0.2403
Source: BSE (12.09.2018)

II. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 September 2018. III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6C4 Chimimport AD-Sofia 0.2704 6A6 Advance Terrafund REIT-Sofia 0.5877 3JR Sopharma AD-Sofia 0.4148 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 0EA Elana Agrocredit AD-Sofia 0.6876 6S6 Sopharma Properties REIT-Sofia 0.2211 SKK Sirma Group Holding JSC-Sofia 0.6070 SO5 Sopharma Trading AD-Sofia 0.2729 5MH M+S Hydraulic AD-Kazanlak 0.2261 4CF CB Central Cooperative Bank AD-Sofia 0.2483 5F4 CB First Investment Bank AD-Sofia 0.1500 5MB Monbat AD-Sofia 0.1768 T57 Trace Group Hold AD-Sofia 0.2403 5SR Stara Planina Hold AD-Sofia 0.5859 4EH Eurohold Bulgaria AD-Sofia 0.3384 6AB Albena AD-Albena 0.3059 5DOV Doverie United Holding PLC-Sofia 0.5811 3MZ Svilosa AD-Svishtov 0.0674 5V2 Holding Varna AD-Varna 0.4322 BSO Bulgarian Stock Exchange-Sofia 0.4995 4KX Korado Bulgaria AD-Strazhitsa 0.1633 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 57E EMKA AD-Sevlievo 0.2188 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 4HE Hydraulic Elements and Systems AD 0.2020 6S7 Synergon Holding AD-Sofia 0.5002 3NB Neochim AD-Dimitrovgrad 0.2370 A72 Agria Group Holding AD-Varna 0.1796 6F3 FairPlay Properties REIT-Sofia 0.1149 5BP Billboard AD-Sofia 0.2508 6SOA Sofia Commerce-Pawn Brokerage AD 0.2900 6AM Alcomet AD-Shumen 0.0990 4I8 Industrial Capital Holding AD-Sofia 0.4876 A4L Allterco AD-Sofia 0.1532 5BR Bulgarian River Shipping AD-Ruse 0.2385 52E Elhim Iskra AD-Pazardzhik 0.2636 0SP Speedy AD-Sofia 0.1010 4L4 Lavena AD-Shumen 0.1420 7TH Tchaikapharma High Quality Medicines AD 0.0432
Source: BSE (12.09.2018)

Machine building: The upward trend continues More revenue, new markets and increased exports - that's what Bulgarian machine construction looks like in the past year. Preliminary data show that companies in the economy of the country have earned more than BGN 10 billion in 2017, which is just over 10% of gross domestic product. According to the national statistics, the exports of the companies in the branch are about BGN 9 billion last year, which is 20% of the realized output abroad of the companies from the manufacturing industry. More than 60% of total revenues are realized by the top 40 companies in the industry. The good news is that the upward trend, which has been going on for several years, continues in the first half of 2018. "Bulgarian machine-building production is being sold in countries from all continents, ZMM - Sliven, for example, exporting machines in 56 countries. The company has established itself as a global manufacturer of universal lathes and heavy duty CNC lathes, for which demand is steadily increasing," said Iliya Keleshev, President of the Branch Chamber. The number of people employed in the sector is growing - in 2017 they were 129,370 with just over 100,000 people four years ago. The biggest increase was in the manufacture of automobiles, parts of vehicles and vehicles (30,863 people). Employed in companies with more than 250 employees are 68,105 (52.64% of the total). The large enterprises are 72 out of a total of 3702, outlines the overall picture Iliya Keleshev. According to data from the Branch Chamber of Mechanical Engineering, the highest increase was recorded in the production of car parts (by more than 10% in recent years), as well as in military production, which in turn places many suppliers and subcontractors on orders. Although without a car assembly plant, 170 companies are operating in Bulgaria producing components for the industry and most of them are planning to expand their operations. This is stated in a SeeNews analysis of the automotive industry in the region. The products include a very wide range - from high-tech such as microelectronics, air conditioning systems and instrument panels to aluminum parts, cables, rubber and plastic products, upholstery, etc. Employees are over 40,000, according to data from the Automobile Cluster and the Ministry of Economy in 2017. The total revenues of the companies in the sector are EUR 3.5 billion, of which 90% export to global automobile markets. According to Keleshev, for the first time since 2015, there is also a revival in shipbuilding and ship repair. The growth rates of machinery and equipment are kept. There is also a rise in metal products. For many years, the hydraulic companies – Caproni and M+S Hydraulic in Kazanlak, HES - Yambol, Badestnost Chirpan, have been working well for new products and expanding their markets. M+S Hydraulic produces about 8% of the world's hydromotors. At a modern level, keeping the pace with the leading companies in the field, is the pumps production of Caproni. Many of the casting companies are well developed, said Keleshev.
Source: Capital (24.10.2018)

The BSE Indices Committee has adopted the following decisions at its session dated 03 December 2018: I. With reference to item 12 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6A6 Advance Terrafund REIT-Sofia 0.5877 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 4EH Eurohold Bulgaria AD-Sofia 0.3394 5MH M+S Hydraulic AD-Kazanlak 0.2338 5SR Stara Planina Hold AD-Sofia 0.5859 6AB Albena AD-Albena 0.3059 6C4 Chimimport AD-Sofia 0.2704 T57 Trace Group Hold AD-Sofia 0.2403 5V2 Holding Varna AD-Varna 0.3883 5F4 CB First Investment Bank AD-Sofia 0.15 5MB Monbat AD-Sofia 0.1768 SKK Sirma Group Holding JSC-Sofia 0.607 3JR Sopharma AD-Sofia 0.415 0EA Elana Agrocredit AD-Sofia 0.6876 4CF CB Central Cooperative Bank AD-Sofia 0.2483 II. With reference to item 14 of Appendix No. 1 (SOFIX Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 December 2018.
Source: BSE (04.12.2018)

III. With reference to item 11 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the following free-float factors are to be valid for the next three-month period: BSE code Issuer Free-float factor 6A6 Advance Terrafund REIT-Sofia 0.5877 5BU Bulgarian Real Estate Fund REIT-Sofia 0.8686 4EH Eurohold Bulgaria AD-Sofia 0.3394 4HE Hydraulic Elements and Systems AD 0.202 5MH M+S Hydraulic AD-Kazanlak 0.2338 5BR Bulgarian River Shipping AD-Ruse 0.2385 4I8 Industrial Capital Holding AD-Sofia 0.4927 57E EMKA AD-Sevlievo 0.2258 52E Elhim Iskra AD-Pazardzhik 0.2636 5SR Stara Planina Hold AD-Sofia 0.5859 6S6 Sopharma Properties REIT-Sofia 0.2221 6F3 FairPlay Properties REIT-Sofia 0.106 6AM Alcomet AD-Shumen 0.099 6AB Albena AD-Albena 0.3059 A72 Agria Group Holding AD-Varna 0.1796 3NB Neochim AD-Dimitrovgrad 0.237 4KX Korado Bulgaria AD-Strazhitsa 0.1744 SO5 Sopharma Trading AD-Sofia 0.2709 T43 Zarneni Hrani Bulgaria AD-Sofia 0.2001 6C4 Chimimport AD-Sofia 0.2704 T57 Trace Group Hold AD-Sofia 0.2403 5DOV Doverie United Holding PLC-Sofia 0.5794 5BP Billboard AD-Sofia 0.2508 5V2 Holding Varna AD-Varna 0.3883 4L4 Lavena AD-Shumen 0.142 4ID Industrial Holding Bulgaria PLC-Sofia 0.4503 3CZ CEZ Distribution Bulgaria AD-Sofia 0.2601 5F4 CB First Investment Bank AD-Sofia 0.15 6SOA Sofia Commerce-Pawn Brokerage AD 0.2929 5MB Monbat AD-Sofia 0.1768 A4L Allterco AD-Sofia 0.1552 SKK Sirma Group Holding JSC-Sofia 0.607 7TH Tchaikapharma High Quality Medicines 0.0433 3MZ Svilosa AD-Svishtov 0.0674 3JR Sopharma AD-Sofia 0.415 0EA Elana Agrocredit AD-Sofia 0.6876 4CF CB Central Cooperative Bank AD-Sofia 0.2483 0SP Speedy AD-Sofia 0.101 6S7 Synergon Holding AD-Sofia 0.5002 BSO Bulgarian Stock Exchange-Sofia 0.4995 IV. With reference to item 12 of Appendix No. 2 (BGBX40 Calculation Methodology) to the Rules for Calculating the Indices of the BSE, the Indices Committee has adopted a decision that the weight factors are to be specified on the basis of the Index structure as of 21 December 2018. • The free-float data on the issues of SOFIX and BGBX40 presented herein are the median value for the period 02 September - 01 December 2018. • The new free-float factors are to enter into force as of 27 December 2018. • The new weight factors are to enter into force as of 27 December 2018.
Source: BSE (04.12.2018)

M+S Hydraulic AD-Kazanlak (5MH) The company hereby notifies of the financial results achieved from the beginning of the year up to and November 2018, and gives an economic forecast for December 2018.
Source: BSE (20.12.2018)