Ukrnafta Announces Highest Ever Dividends
21 June 2008
The company’s EGM on Jun 20 approved a dividend payment equal to 99.98% of Ukrnafta’s 2004 net income, or USD 266.5 mln (USD 4.9 per share at the current USD/UAH exchange rate). The dividend yield amounts to 15%. The ex-dividend date has been set for July 1, 2005, and payment scheduled to take place from July 1, 2005 to Jan 1, 2006. Concorde Capital: Private Group was able to retain a loyal management team at the AGM. Shareholders re-elected Ukrnafta?s Supervisory Board with six members: The Chairman remains state representative Serhiy Pereloma, while the other five members were appointed by Privat Group. The current CEO Igor Palytsia, loyal to Privat, was also re-appointed. Please look for our desk note later today for more details.
