Amendments to the Bulgarian Public Offering of Securities Act were drafted by Simeon II National Movement MPs. Shareholders will be able to authorize investment intermediaries to collect their dividend under the amendments. The provision will be valid when the shares are deposited with the investment intermediaries. The companies should still pay out the dividend, approved at a general shareholders meeting, within three months of the meeting’s date. The sums will be remitted through the Banks via the Central Depository. No notary authorization will be required when the shares are deposited with the investment intermediaries.

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