Today is the last cum-dividend and cum-AGM-rights trading day (assuming the T+3 settlement). The June 17 AGM is scheduled to decide on dividends, with the management proposing a gross dividend of CZK 8 per share. Note that changes in CEZ shares records in the Czech Securities Register will be suspended between June 12 and June 17 and the formal dividend record date is suggested for June 17. Separately, the deputy chairman of the National Property Fund P. Kuta reiterated on Friday that the scenario of the state selling a 16% stake in CEZ (the state holds 67% in CEZ) "is definitely worth considering". The FinMin has not yet taken a definite position though. The government should address the issue by the end of July if the transaction is to be realized this year.
Source: Bloomberg.
Jan Hajek