Frequently Asked Questions
Does Doverie – United Holding AD have offices throughout the country?
Doverie – United Holding AD has only one office located in Sofia, 5 Lachezar Stanchev Street, Sopharma Business Towers, Office Building А, Floor 7.
Are dividends paid to the shareholders?
Currently, no dividends are paid to the shareholders. No dividends can be claimed for periods prior to 2005. From 2006 to 2020 no dividends were paid to shareholders by decision of the General Meeting.
How are shareholders notified about payments of dividends?
Doverie – United Holding AD has more than 140,000 shareholders and it is impossible to send notices to each of them. A large number of the shareholders have changed their address and this has not been reflected in the book of the shareholders. For that reason our shareholders may use the mass media /newspapers, company’s website, telephone, Bulgarian postal service, etc./ to get the information they need.
What is the limitation period for unclaimed dividends?
According to the Contracts and Obligations Act, the limitation period for unclaimed dividends is 5 /five/ years.
How can shareholders from around the country get their dividends?
For optimal facilitation of our shareholders, the company has signed an agreement with the Bulgarian Postal Service in relation to the payment of dividends. The only exception was in 1997, when dividends were paid via the National Savings Bank (ДСК) or BulBank.
If I have a voucher book with 25,000 investment bonds, how many shares am I currently entitled to?
25 000 investment bonds are equal to 25 shares. In financial year 2003 the holding increased its capital at the expense of the retained profits and reserves, and as at 29 July 2004, each shareholder received one free share for each share he/she owned before the increase.
Is a new depository receipt issued for the additional shares?
There is no depository receipt for the additional shares. They are added automatically to personal sub-accounts at the Central Depository. If the shareholder wishes to get such a receipt, he/she will need to get in touch with an investment agent (registration agent at the Central Depository).
This service will be charged according to the fees collected by the CD.
How can a shareholder check how many shares he/she owns?
In connection with and on the basis of Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, effective from 25 May 2018 all shareholders who are natural persons may check how many shares they own only in one of the following ways:
– In person, at the offices of Doverie – United Holding AD located in Sofia, 5 Lachezar Stanchev Street, SBT, Office Building А, Floor 7, by producing a personal identity card;
– On the website of Central Depository JSC at http://www.csd-bg.bg –> Home –> Portfolio Review. The check can be made in one of the following two ways: by using a qualified electronic signature (QES) (issued only to natural persons) or by entering a personal identification code (PIC) issued by the National Revenues Agency (NRA)
How are shares sold?
Shares are traded through an investment firm /brokerage firms, banks/. Each shareholder has the right to sell the share package he/she owns. He/she will have to sign an agreement with the investment firm for the sum of money he/she gets. Doverie – United Holding AD will not be held responsible in the cases where the shareholder has not made a good deal and is left dissatisfied with it.
Doverie – United Holding AD is under no obligation to consult shareholders as to which investment firm to work with when they decide to sell their shares, and as to what sum of money they should expect to get in return.
An updated list of the investment firms currently registered at the Financial Supervision Commission may be found at the website of Central Depository JSC – http://www.csd-bg.bg/ –> Home –> About us –> Members, by clicking on the file attached to the text ‘Get in contact with investment firms listed as members of the CD’.
What happens to the shares of a deceased shareholder?
Shares may be inherited. When a shareholder dies, his/her successors need to consult with an investment firm – a registration agent listed at the Central Depository and carry out the transfer after paying the required charges.
In what companies does Doverie – United Holding AD participate?
All companies in which the holding participates can be seen on our website www.doverie.bg, Investments section.