17 May 2004 05:24
Economy ministry backs idea to raise UES dividends
MOSCOW. May 17 (Interfax) - The Economic Development and Trade Ministry has backed a proposal from Unified Energy System of Russia executives to raise 2003 dividends 21%, a source in the ministry told Interfax. The UES board will discuss dividends on May 21. UES paid 2002 dividends of 1.38 billion rubles on common shares and The ministry has already sent the government a draft instruction for government representatives in the UES board that confirms dividends of 2.4 billion rubles, with 0.0469 rubles per common share (1.92 billion rubles) and 0.2283 rubles per preferred (474 million rubles). "Payments on the government stake in UES is tentatively around 1.09 billion rubles," 605.11 million rubles on preferred shares. Charter capital totals 21.56 billion rubles, split among 41.04 billion common and 2.07 billion preferred shares with par value of 50 kopecks. UES will hold its AGM on June 30 2004. [RU ASIA EUROPE EEU EMRG ENR RES DIV] me
[Interfax] |
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