21 May 2004 01:42
UES board makes dividend recommendations (Part 2
MOSCOW. May 21 (Interfax) - Directors at Unified Energy System (UES) recommended that shareholders accept dividends
of 4.69 kopecks on common shares and 22.83 kopecks on preferred shares at their AGM on June 30, Marita Noga, the
national electricity utility's deputy chief spokeswoman, told Interfax.
UES paid 3.37 kopecks on common shares and 29.16 kopecks on preferred shares for 2002. All shares have par value of
50 kopecks.
The board recommended that dividends should be paid on all shares by December 1.
The board also approved a new version of the method for calculating common and preferred share dividends "in
connection with an approved Finance Ministry instruction on new forms of book-keeping reporting and changes to the
procedure for valuing the next assets of joint stock companies," UES said. [RU ASIA EUROPE EEU EMRG ENR ELG DIV
CORA] pr
[Interfax] |
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