Bulgaria’s Telelink Business Services Group (TBS Group) [BSE:TBS] said that it is proposing to distribute a gross dividend of 0.48 levs per share ($0.29/0.25 euro) for the first half of 2020.
Under the proposal, TBS Group will distribute a total of 6 million levs as dividend for the first half of 2020, according to the invitation for its shareholders meeting, published last week.
TBS Group shareholders will vote on the proposal on September 10.
Shares in TBS Group last traded on the Bulgarian Stock Exchange at a price of 7.9 levs.
TBS Group shares started trading on the BSE on June 8. TBS Group was spun off from local company Telelink Bulgaria in 2019, becoming the sole owner of IT infrastructure, information security and digital transformation solutions provider Telelink Business Services and several other units of Telelink, engaged in similar activities.