The company’s shareholders made this decision at their AGMs yesterday. Pivnichny GOK (SGOK) declared 2005 dividends of USD 220 mln (dividend payout of 81.8%, DPS of USD 0.10) and Tsentralny GOK declared dividends of USD 55 mln (dividend payout of 57.6%, DPS of USD 0.05). Dividends will be paid from April 12, 2006 to April 12, 2009. Concorde Capital: Both GOKs are controlled by System Capital Management (SCM), which owns over 99% in each GOK.