TBS Group’s majority owner approves waving dividends

Telelink Business Services Group

21 February 2023

News

On Friday Lyubomir Minchev, majority shareholder of Telelink Business Services Group (TBS), stated in a note to investors his approval of CEO Ivan Zhitiyanov’s decision to forgo the distribution of at least 50% of net profit to shareholders through dividends in order to facilitate further expansion in the Balkan region.

Minchev also disclosed his intention to offer a new minority package on the BSE while still remaining majority stakeholder.

Yesterday TBS notified shareholders that CCL CEECAT Fund II SCSp, a private equity investor registered in Luxembourg, has shown an interest in investing in the company. TBS has given the investor the green light to perform business, financial and legal due diligence.

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ELANA Trading is part of ELANA group - one of the largest groups in the non-banking financial sector in Bulgaria.

Contacts

Dimitar Georgiev
Head of Trading
Phone: +359 (2) 81 000 25
Email: georgievd@elana.net

Tatyana Puncheva-Vasileva
Head of Research
Phone: +359 (2) 81 000 24
Email: vasileva@elana.net

Contacts

Sopharma Business Towers,
Tower B, Floors 12-13,
5, Lachezar Stanchev St,
1797 Sofia, Bulgaria

Phone: +359 (2) 81 000 25
Phone: +359 (2) 81 000 26
Email: bgtrader@elana.net

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