Information under Article 247 and Art. 240b of the Commerce Act

Information under Art. 247 of the Commerce Act

Information concerning the course of activity and the condition of the Company and explanations regarding the annual financial statements

Section II, item 2 describes the operations and the position of the Group and explains the annual financial statements.

Remuneration received during the year by members of the Board of directors

The remuneration and other income of the key management and executive directors, the members of the Board of directors and the managers of the Group’s subsidiaries amount to BGN 6,614 thousand (2020: BGN 5,771 thousand), including:

  • current — BGN 6,095 thousand (2020: BGN 5,166 thousand);
  • tantieme — BGN 519 thousand (2020: BGN 605 thousand).

The remuneration and other short-term income of the Board of directors of the parent company for 2021 amounting to 1,256 thousand BGN (2020: BGN 1,321 thousand) are as follows:

  • current — BGN 969 thousand (2020: BGN 917 thousand);
  • tantieme — BGN 287 thousand (2020: BGN 404 thousand).

Acquired, held and transferred by the members of the Boards during the year shares and bonds of the company

The Company’s shares acquired, owned and transferred by the members of the Board of Directors in 2021 are as follows:

Members of the Board of directors 31.12.2021 31.12.2020
Shares Relative share of the capital % Shares Relative share
of the capital %
Acquired shares in 2021 Transferred shares in 2021 Change
Ognian Ivanov Donev 6 608 350 4.90% 3 038 940 2.25% 3 596 410 3 596 410
Vessela Lyubenova Stoeva 150 0.0001% 150 0.0001% - -
Ognian Kirilov Palaveev 187 520 0.14% 187 520 0.14% - -
Alexander Viktorov Tchaushev 262 442 0.19% 111 142 0.08% 151 300 151 300
Bissera Nikolaeva Lazarova - - - - - -
Ivan Venetskov Badinski 350 0.0003% 350 0.0003% - -
Simeon Ognianov Donev 195 450 0.14% 200 450 0.15% - 5 000 -5 000

The Company has no issued bonds.

Rights of members of the Board to acquire shares and bonds of the company

The Articles of Association of "Sopharma" AD do not contain any restrictions on the right of the members of the Board of directors to acquire shares and bonds of the company.

Participation of members of the Board of directors in commercial companies as unlimited liability partners, the holding of more than 25 percent of the capital of another company, as well as their participation in the management of other companies or co-operatives, such as procurators, managers or board members

Participation of the members of the Board of Directors by more than 25 per cent of the capital of other companies:

Ognian Ivanov Donev has a direct / indirect significant share (over 25%) of the capital of the following companies:

  • "Donev Investments Holding" AD, UIC 831915121, with headquarters in Sofia, 12 Pozitano Str.
  • "Telecomplect" AD, UIC 831643753, with headquarters in Sofia, 5 Lachezar Stanchev Str.
  • "Sofprint Group" AD, UIC 175413277 with seat and headquarters: Sofia, 12 Pozitano Str.
  • "Sofconsult Group" AD, UIC 175413245, with seat and headquarters: Sofia, 12 Pozitano Str.
  • "Sopharma" AD, UIC 831902088, with seat and headquarters: 16 Iliensko Shose Str.;
  • "Energoinvestment" AD, UIC 200929754, with a registered office in Sofia, 9 P. R. Slaveykov Square
  • "Simba Private Kindergarten" EOOD, UIC 204683684, with seat and headquarters in Sofia, 16 Iliensko Shose Str.

Vessela Lyubenova Stoeva controls or owns directly/indirectly a significant share (more than 25%) of the capital of the following companies:

  • "VES elekroinvest systems" EOOD, UIC 201712700, with headquarters: Sofia, 9 P. R. Slaveykov Square
  • "Eco Solar Invest" OOD, UIC 201634905, with headquarters: Sofia, 48 Alabin Str.
  • "Aquatex" OOD, UIC 203934379, with headquarters: Sofia, 9 P. R. Slaveykov Square
  • "VLS" AD, UIC 175082980, with headquarters in Sofia, 9 P. R. Slaveikov Square.

Alexandar Victorov Tchaushev controls or owns directly/indirectly a significant share (more than 25%) of the capital of the following companies:

  • "Alpha In" EOOD, UIC 131156322, with headquarters in Sofia, 1B Dimcho Debelianov Str.

Ivan Venetskov Badinski does not hold a direct / indirect significant share (over 25%) of the capital of companies.

Bissera Nikolaeva Lazarova controls or owns directly/indirectly a significant share (more than 25%) of the capital of the following companies:

  • "Consumpharm" OOD, UIC 121148366, with headquarters in Sofia, 80 Yanko Sakazov Blvd.

Participation of Board members in the management of other companies or cooperatives as procurators, managers or board members:

Ognian Ivanov Donev participates in the managing/controlling body in the following companies:

  • "Sopharma Trading" AD, UIC 103267194, with headquarters in Sofia, 5 Lachezar Stanchev Str. — Chairman of the Board of Directors.
  • "Donev Investments Holding" AD, UIC 831915121, with headquarters in Sofia, 12 Pozitano Str. — Chairman of the Supervisory Board.
  • "Telecomplect" AD, UIC 831643753, with address management in Sofia, 5 Lachezar Stanchev Str., Building A — Chairman of the Supervisory Board.
  • "Doverie Capital" AD, UIC 130362127, with headquarters in Sofia, 82 Knyaz Dondukov Blvd. — Member of the Supervisory Board.
  • "Sopharma" AD, UIC 831902088, with seat and headquarters in Sofia, 16 Iliensko Shose Str. — Мember of the Board of Directors and Executive Director.

Vessela Lyubenova Stoeva participates in the management/supervisory body for the following companies:

  • "VLS" AD, UIC 175082980, with headquarters in Sofia, 9 P. R. Slaveikov Square — Мember of the Board of Directors.
  • "VES Elekroinvest systems" EOOD, UIC 201712700, with headquarters: Sofia, 9 P. R. Slaveykov Square — Manager.
  • "Sopharma" AD, UIC 831902088, with seat and headquarters in Sofia, 16 Iliensko Shose Str. — Deputy Chairman of the Board of Directors.

Alexandar Victorov Tchaushev participates in the management/supervisory body of the following companies:

  • "DK-Domostroene" AD, UIC 102148397, with registered office in Burgas, PO Box 8000, Pobeda area — Мember of the Board of Directors.
  • "Alpha IN" EOOD, UIC 131156322; with seat and headquarters: Sofia, 1b Dimcho Debelyanov Str. — Manager.
  • "Sopharma" AD, UIC 831902088, with seat and headquarters: Sofia, 16 Iliensko Shose Str. — Member of the Board of Directors.

Ivan Venetskov Badinski participates in the management/supervisory body of the following companies:

  • "Sopharma" AD, UIC 831902088, with seat and headquarters: 16 Iliensko Shose Str. — Member of the Board of Directors and Procurator.

Bissera Nikolaeva Lazarova participates in the management/supervisory body of the following companies:

  • Sopharma Imoti REIT, UIC 175059266, with seat and headquarters in Sofia, 5 Lachezar Stanchev Str. — Member of the Board of Directors.
  • "Sopharma" AD, UIC 831902088, with seat and headquarters in Sofia, 16 Iliensko Shose Str. — Member of the Board of Directors.

Planned economic policy in the next year (Article 247, paragraph 3 of the Commerce Act)

The information is reflected in Section III, paragraph 4 of this Report — Future development of the Company (Article 39, paragraph 4, of the Accountancy Act).

Information under art. 240b of the Commercial Law on the obligation of Board members to notify in writing the Board of Directors or the Management Board when they or their related parties conclude contracts with the company outside its usual activity or substantially deviate from market conditions

In 2021 there are no contracts outside the ordinary business of the company or significantly deviate from market conditions.