Court Determines Vinnytsaoblenergo Cannot Pay 2005 Dividends
25 October 2008
A Vinnytsa court cancelled a decision by Vinnytsaoblenergo (VIEN: HOLD) shareholders to pay USD 0.3 mln (40% of 2005 net profits) in dividends for 2005. According to the court secretariat, the decision was made because the company’s debt exceeded its statutory capital.
