Dniproenergo AGM approves 2006 dividends, share issue

Dniproenergo (UX: DNEN UK) shareholders, at an AGM yesterday, voted to pay out 30% of the company’s profit from 2006 as dividends and to direct the remaining 70% into the reserve fund. The dividend payout will amount to a total of UAH 3.8 mln, or DPS of UAH 0.63 (dividend yield less 1%). Dniproenergo shareholders also finally approved an increase in the company’s charter fund by 52.1% to UAH 149.2 mln via an additional share issue. Yegor Samusenko: The share issue approval is technical; it confirms the share capital increase that took place in 2007.