Sopharma AD-Sofia will hold a general shareholders’ meeting 29 June 2007 which is expected to vote a proposal to distribute a 0.10 leva/share gross dividend, BSE-Sofia reported.

Under the proposal 10% of the company’s profit of 22,033,799.80 leva for last year is to go to legal reserves, 13,200,200 will be distributed as dividends, and 6,630,420.80 will be allocated to the “Additional Reserves” fund.

If no quorum is present at the meeting when called, it shall be adjourned on 11 July 2007, 11:00 AM, same place, same agenda.

Ex-dividend date is 14 June 2007.

Sopharma AD also published its quarterly results today. The pharmaceutical company registered an 8.29 mln leva in the last quarter compared to 6.47 mln leva a year ago.

The main shareholders of Sopharma are Sofia AD with 25.5% of its capital. Telso AD controls 23.77%, Telecomplect AD – 20.42% and Gramercy Emerging Markets Fund – 17.19%.

Sopharma’s stock was up 3.53% today to an average level of 7.34 leva with more than 20,000 shares traded.