Based on the authorization of the executive member of the Board of Directors of BILLBOARD AD given by the regular annual general assembly of the company’s shareholders, held on 24.06.2013 was concluded a rental agreement for rental of an automatic punching machine for paper and paperboard processing Novacut 106 E Autoplaten ® pressBobst and universal folding - gluer Expertfold 110 A2 Universal Folder Gluer Bobst between BILLBOARD AD as the lessor and the subsidiary company DEDRAX AD as the lessee under the terms and conditions described in the Motivated Report of the Board of Directors of BILLBOARD AD, forming part of the written materials on the agenda of the General Assembly. The agreement shall become effective as of 01.07.2013.

            DEDRAX AD will be able to use the machines in the printing facility in the town of Varna for the expansion of the activities of the company in the packaging industry and increasing the market share in this segment, which will also lead to a reduction of the cost for external services in this direction.