General Meeting of Shareholders

"Trace Group Hold" PLC is managed by the General Meeting of Shareholders (GMS) and the Board of Directors. GMS includes all shareholders with voting shares and has the following competencies:

• to accept, amend and supplement the Articles of "Trace Group Hold" PLC;
• to increase and reduce the capital of "Trace Group Hold" PLC;
• to transform and terminate "Trace Group Hold" PLC;
• to elect and remove members of the Board of Directors and to determine their remuneration;
• to appoint and dismiss the registered auditor or the specialized audit firm ;
• to approve the annual financial statements after certification by a registered auditor or specialized audit firm;
• to distribute the profits of "Trace Group Hold" PLC;
• to make decisions and determine the procedure for the issuance of bonds and the terms of their enrollment in compliance with Bulgarian legislation;
• to appoint liquidators upon termination of "Trace Group Hold" PLC, except in case of insolvency;
• to grant members of the Board of Directors discharge;
• to decide on the repurchase of shares of "Trace Group Hold" PLC;
• to decide on other matters within its jurisdiction, as provided by law or the Statute.

The General Meeting of Shareholders is held at least once a year and the results of the previous reporting year are reported and accepted. The regular General Meeting of Shareholders is held until the end of the first half of the year, following the reporting year. The General Meeting of Shareholders of "Trace Group Hold" PLC is held at the registered office of the company in the city of Sofia. It is convened by a notice published in the Trade Register at least 30 days prior to the meeting.  The invitation is presented together with the materials for the General Assembly at least 30 days before the meeting in the Financial Supervision Commission, to the public and is published on the website of the company for the time of announcement until its completion.  The company also publishes the voting forms through power of attorney or by correspondence, if applicable.