30 June 2003 06:50
VIMPELCOM TO PAY ONLY PREFERRED-SHARE DIVIDENDS
Shareholders in Russian cellular communications major Vimpelcom voted at their annual meeting on Friday to waive
dividends for last year for common stock, but to pay 0.1 kopecks per share of preferred type A stock with par value of
0.5 kopecks for last year, company sources have told Interfax.
This decision mirrors the one for 2001 dividend payments. Vimpelcom is Russia's second largest provider in terms
of subscription numbers.
The shareholders confirmed the company's annual report, profit-loss statement and other company materials. They
also gave the go-ahead to two deals in the interests of company subsidiaries.
The first would have Vimpelcom-R (in which the parent company holds a 65% stock interest) being offered up to $200
million in financing.
The other envisions offering guarantees of up to $100 million to KB- Impuls (a GSM licensee in the Moscow region
wholly-owned by Vimpelcom) for procuring telecommunications equipment from Alcatel SEL AG.
Vimpelcom has charter capital of 233,794.005 rubles split into 40,332,201 common and 5,426,600 type A preferred
shares with par value of 0.5 kopecks.
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