Вased on a resolution of the Board of Directors of BILLBOARD AD, dated 15.05.2019 was accomplished a sale of 255 equity stakes from the capital of Motion Arts Ltd., representing 51 % of its capital at the price of BGN 157 000 in total.

Based on a resolution of the Board of Directors of BILLBOARD AD, dated 30.04.2018 was assigned an independent market valuation of the of equity stakes of the company Motion Arts Ltd. - 51 % subsidiary company of BILLBOARD AD in 3 separate minority packages of 10, 15 and 26% in view of the financial condition and the high indebtedness of the company to BILLBOARD AD and to financial institutions, reported as of 31.12.2018, the systemic shortage of working capital as well as the agreement between the two companies on the repayment of liabilities accumulated by Motion Arts Ltd. to BILLBOARD AD for a period of 36 calendar months. The valuation was carried out by a team of three licensed valuators under Art. 5 of the Independent Valuators Act through Helan And Co Ltd, with UIC: 131404796. According to the valuation the final market value of a minority package of 50 equity stakes representing 10 % of the capital of Motion Arts Ltd. amounted to BGN 24 770; final market value of a minority package of 75 equity stakes representing 15% of the capital of Motion Arts Ltd. amounted to BGN 41 210; final market value of a minority package of 130 equity stakes, representing 26% of the capital of Motion Arts Ltd., amounted to BGN 89,020.

The sale of the equity stakes from the capital of Motion Arts Ltd. was completed under the following parameters:

Buyers: physical persons and a legal entity, being neither an interested, nor a related party to BILLBOARD AD within the meaning of the Law on Public Offering of Securities.

Price under which the sale was accomplished: minority package of 50 equity stakes - for the amount of BGN 25 000; minority package of 75 equity stakes - for the amount of BGN 42 000 and minority package of 130 equity stakes - for the amount of BGN 90 000 or total purchase price for BILLBOARD AD - BGN 157 000.

Additional condition for each of the buyers: the buyer undertakes, in the capacity of owner of stakes from the capital of Motion Arts Ltd., to execute the agreement between the two companies, as a result of which the obligation undertaken by Motion Arts Ltd. to BILLBOARD AD to be timely paid off.

The value of the transaction does not exceed the thresholds under art. 114, para. 1 of the Law on Public Offering of Securities and respectively an explicit authorization by the General Assembly of the Shareholders of BILLBOARD AD is not required.

БИЛБОРД АД представи на КФН, БФБ-София АД и обществеността междинен консолидиран финансов отчет към 31.12.2023 г.

БИЛБОРД АД представи на КФН, БФБ-София АД и обществеността междинен индивидуален финансов отчет към 31.12.2023 г.

БИЛБОРД АД представи на КФН, БФБ-София АД и обществеността междинен консолидиран финансов отчет към 30.09.2023 г.