The company’s board of directors yesterday declared April 19, the day of the company’s AGM, as the record date for the proposed CZK 324 per-share dividend. This may be confusing given that April 12 was the official record date for participation at the AGM. However, given that changes in the Czech Securities Register are to be suspended April 13–April 19 (for Ceske radio stock only), April 12 effectively remains the record date for the dividend. April 5 was the last SPAD trading day cum-dividend, as the market assumed.
Separately, the Czech transport minister, Jaromir Schling, said that the state (with a 51% stake) will vote in favor of the dividend at the AGM, thereby confirming market expectations. Moreover, he said that TeleDanmark’s offer of CZK 861 per share (cum dividend) is far too low, and that the state may look for another buyer should negotiations with TeleDanmark fail.
(Ondřej Daťka)