On Friday, December 28, Ceske radiokomunikace held first shareholder meeting since Bivideon (TDC and Deutsche Bank) became the majority shareholder. The EGM approved that the company will pay dividend CZK 76 per share (CZK 2.35 bil.) out of its 2000 net profit (total retained 2000 profit corresponds to CZK 80 per share, i.e. CZK 2.45 bil.). The record date was set at December 28. The dividend is close to the upper edge of our expectations.
The EGM also approved changes in the company bodies and decided to transform employee shares (representing 0.1% of share capital) into ordinary shares.
(Jan Hajek)