Provider: Wright Reports
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Klaipedos Baldai AB Announces Proposal to Pay No FY 2012 Dividend; Announces Buy Back Program Proposal
Klaipedos Baldai AB announced that it will propose, at its General Shareholders Meeting on April 25, 2013, to pay no dividend for fiscal year 2012. Klaipedos Baldai AB will also propose, at the same meeting, to buy up to 10% of the Company shares. The period during which the Company may buy its own shares is 12 months from the decision taking date. The maximum price for own shares to be purchased is EUR 2.00 (LTL 6.9056) per share and the minimum price is equal to the nominal value, that is, EUR 0.290 (LTL 1.00) per share.
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