FairPlay Properties REIT-Sofia, BSE code – FPP, has appointed a General Meeting of Shareholders on 25.03.2008 at 10:00 a.m. in Sofia, 2 Budapest Street, Hotel Arena Di Serdica, under the following agenda:
– Adoption of the annual financial statement of the company for 2007
– Report of the certified public accountant about his audit for 2007
– Report of the Investor Relations Director
– Election of a certified public accountant
– Exemption from liability of the members of the management bodies for their activity in 2007
– Changes within the management bodies of the company:
– Taking a decision about the distribution of the financial result. Project of a decision: GMS of the Company distributes gross dividend for 2007 at the amount of BGN 8 000 000, or 90.19% of its profit for distribution, transfigured in accordance with art. 10 Para 3 from ASIPS, totally
at the amount of BGN 8 869 990.61.
– Motivated Report of the Board of the Directors in accordance with art. 114a from LPOS about the necessity of authorization of the Board of the Directors about accomplishing the transactions in accordance with art. 114 Para 1 from LPOS;
– Taking a decision for authorization of the Board of the Directors of FairPlay Properties REIT about accomplishing the transactions in accordance with art. 114 Para 1 from LPOS; According the attached Motivated Record of the Board of the Directors the transaction is with the following parameters:
2. Rental contract for Retail – Servicing buildings, with unfolded built-up area 941 sq. m. (forming the Retail center from Stage II of the Holiday village “Santa Marina”, in the town of Sozopol), and/or rental contracts for particular parts from the Retail center from Stage II of the Holiday village “Santa Marina”, in the town of Sozopol;
3. Rental contract for Retail – Servicing buildings, including 3 swimming pools and the included area with total unfolded built-up area 12 160 sq. m. ( all of them forming the Retail center from Stage III of the Holiday village “Santa Marina”, in the town of Sozopol), that are impending to be built in RLP in Santa Marina area, in the lands of the town of Sozopol, and/or rental contracts for particular parts from the Retail center from Stage III of the Holiday village “Santa Marina”, in the town of Sozopol;
4. Rental Contract for a Holiday base in the village of Chernomoretz;
5. Rental contract for a hotel with unfolded built-up area 1 949.05 sq. m., total unfolded built-up area 13 237.45 sq. m., including 8 887.07 sq. m. location on and aver the territory and the included 4 350.38 sq. m. unfolded built-up area located under the territory in the Holiday village “ St. Ivan Rilski”, constructed in a property in St. Ivan Rilski area in the town of Bansko.
The contract (s) will be signed with the following conditions:
Price: not lower than the one defined by the Market value;
Parts on the transactions: FairPlay Properties REIT-Sofia / lessor/ and FairPlay Properties
Management EOOD /lessee/.
– In case of an inquorate meeting, the GMS will be held on 08.04.2008 at 10:00 a.m. at the same place under the same agenda.
The voting right will be entitled to all shareholders registered with the Central Depository AD 14 days before the GMS i.e. by 11.03.2008 (Record Date).
The final date for transacting shares of this company on the BSE-Sofia, as a result of which the holder will be entitled to exercise his/her voting right at the GMS, will be 07.03.2008.