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19 May 2004 07:46
KRASNOYARSK HYDRO PLANT TO PAY 4.6 KOPECKS PER SHARE
KRASNOYARSK. May 19 (Interfax) - Shareholders in Krasnoyarsk Hydroelectric Plant decided at their annual meeting on Wednesday to pay dividends for 2003 of 0.046 rubles per common share with a par value of 1 ruble. Vladislav Yefimov, deputy general director of Krasnoyarskenergo, which owns over 25% in the hydro plant, told Interfax that over 10% of net profit would be paid out in dividends for last year. He did not give a total. The chairman of the board will be elected at the next board meeting. The board did not meet on Wednesday due to the lack of a He said that the company paid dividends for 2002 at the rate of 0.36 rubles per common share. Shareholders also confirmed the plant's annual report and appointed an auditor for 2004. "The auditor is the same company as in 2003," Yefimov said. A change was made in the 11-seat board of directors. "Earlier Krasnoyarskenergo had three seats on the board, now it will have two and one from Unified Energy System of Russia. The representatives of other shareholders changed - offshore companies and the plant itself," he said. quorum. Krasnoyarsk Hydroelectric Plant charter capital amounts to 391,105,645 rubles in 1-ruble common shares. Russian Aluminum controls about 70% of shares in the plant. Krasnoyarskenergo owns 25.02% and UES - 0.117%.
[Interfax]
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