March 26, 2014

The Board of Directors of Elektroprenos B&H reached a conclusion on the distribution of the 98 million KM profits, which now needs to be confirmed by the company’s Assembly of Shareholders.

Profits should be distributed in relation to the shares in the company, namely 58% should go to the Federation of B&H and 42% to Republika Srpska. The Assembly of Shareholders should be held next week, said Enis Santic, a member of the Board of Directors.

He explained that the Assembly of Shareholders received a proposal for the appointment of a new managing team, or five executive directors, adding that the Board has made a decision to dismiss the current administration.

Speaking of investment plans, Santic said that the value of a three year investment is several million KM.

At the meeting the Board adopted a three year plan and is preparing a 10 year investment plan which is vital to the company, confirmed Santic.