CEZ officialy announced that its AGM is scheduled on 23 April with the decisive day for participation on AGM as 17 April. From 18 April to 23 April there will be suspended execution of rights connected to CEZ’s shares. AGM should decide besides other issues on distribution of its FY2006 profit as well as share buy-back.
CEZ’s dividend policy is to distribute 40-50% of consolidated net income to shareholders. We expect the company to pay out dividend of CZK
21/share. As we informed yesterday CEZ’s management will ask for share buy-back permission up to 10%, which should not create the liquidity overhang on the market due to planned sale of state stake in CEZ.