By virtue of article 110 of the Law on Obligations and Contracts, because of expiry of the 5 year prescription period, the Board of Directors decided to suspend dividend payments for 2002, as of 11 Aug 2008. The amount outstanding as of that date shall remain in favour of the company.
By Minutes taken on a regular session, the Board of Directors of Yuri Gagarin Plc decided to close down the company Security Unit of and to enter into an agreement with a licensed security firm.
On 7 and 8 February 2008 in spa complex “Hissar”, in the town of Hissar, a third, becoming traditional now, meeting was held between the managerial team of “Plovdiv – Yuri Gagarin BT” Plc and partners and customers of the Company from different areas of industry.
On 30 January 2008 “Plovdiv – Yuri Gagarin BT” Plc presented a financial report for its activities for the fourth quarter of 2007 at the Financial Supervision Commission and the Bulgarian Stock Exchange – Sofia. The report is published on the Company web page under the section “Interim Reports”.