Yesterday, management decided to propose 10 September 2007 as dividend record day and 3 October 2007 as a dividend payment day. The dates need to be approved by AGM summoned on 26 April 2007. Note that the management previously proposed for AGM’s approval the distribution of dividend in the amount of CZK
50 per share.
Based on previous hints from the company and market expectations that situation of later dividend distribution, similar to last year would repeat also this year, we see this news as trading neutral. Note that stock will be traded last time cum-dividend on 5 September and will go ex-dividend on 6 September (under standart T+3 settlement).