Bulgarian-American Credit Bank hereby informs you that on 07 May 2020, at 11.00 a.m. – the new date and hour, indicated by the Call Notice of the Annual BACB General Meeting of the Shareholders for holding of a meeting under art. 227 (3) of the Commercial Act, the meeting of the General Meeting of the Shareholders was not held, because at the prior announced opening hour and place for holding of the General Meeting of the Shareholders under art. 227 (3) of the Commercial Act none of the BACB shareholders were present (in person or by proxy).

The absence and non-participations of the shareholders on the new date, indicated under art. 227 (3) of the Commercial Act is related to the State of emergency imposed in Bulgaria, continuing up to 13 May 2020, pursuant to the Bulgarian Parliament’s decisions, the implementation of the anti-epidemic measures against the spread of COVID-19 and the provisions of the orders of the government bodies, specifically item 5 of Order No. RD-01-124/ 13.03.2020 of the Minister of Healthcare ordering the seizure of holding any kind of mass events in the country.

BACB Management and Supervisory bodies will undertake the respective actions regarding the organization and holding of the BACB Annual General Meeting of the Shareholders subject to the statutory deadlines of the Act on Measures and Actions during the State of Emergency declared by the Bulgarian Parliament on 13 March 2020 and taking into account the development of the situation regarding the anti-epidemic measures implemented in the country.