Lensvyaz could increase dividends 55.6% for 2003
ST. PETERSBURG. May 21 (Interfax) - The board of directors of telecommunication's operator Lensvyaz has
recommended that shareholders at their annual meeting on June 29 accept dividends of 6,129 rubles per common share and
18,387 rubles per preferred share with a par value of 100 rubles, the company told Interfax.
Lensvyaz paid 3,938 rubles per common share and 11,814 rubles per preferred share with a par value of 100 rubles in
2002.
The shareholders' registrar closed on May 14.
Lensvyaz has a charter capital of 265.18 million rubles, which is divided into 1.988 million common shares and
662,970 preferred shares with a par value of 100 rubles. The company's major shareholders are Svyazinvest, with 38%
of the shares, and the Russian Federal Property Fund owns 20%. The company's nominal shareholders are ZAO Brunswick
UBS Warburg Nominees with 14.29% of the charter capital and ZAO Depository Clearing Company with 7.31%. [RU ASIA EUROPE
EEU EMRG TEL DIV CORA] RM PR
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