Cabinet will decide on the result of the Ceske radiokomunikace tender on Monday, April 9. The government may either seek a deal with TeleDanmark or cancel the current tender altogether in favor of another privatization approach (sale of assets, IPO, etc.).
Also, Thursday, April 5, is the last day in the SPAD that Ceske radiokomunikace’s stock can be purchased with rights to an expected dividend. A dividend is to be approved at the April 19 AGM, and management is proposing a CZK 10 bil. dividend payment, implying a CZK 325 gross dividend per share (CZK 275 per share after tax).
The company’s board of directors should decide next week when the dividend is to be paid; the Czech commercial code requires dividend payments be made no later than three months after the AGM.