In response to yesterday’s news of a minority shareholder’s legal challenge of the validity of April AGM’s decisions, Ceske radiokomunikace said that its 2000 financial statements, the main issue of the challenge, were approved in accordance with Czech law and that, therefore, the AGM’s decisions (including the decision on the distribution of 2000 profits, i.e., payment of a CZK 395 per-share gross dividend) were indeed valid. The market is now waiting until Monday, June 18, when a district court is scheduled to make a ruling on the issue.
(Ondřej Daťka)