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Klaipedos Nafta AB Recommends No FY 2012 Dividend Payment-Interfax


Monday, 8 Apr 2013 05:24am EDT 

Interfax reported that the board of Lithuanian oil terminal operator Klaipedos Nafta AB has recommended shareholders vote to waive fiscal year 2012 dividends at the Annual General Shareholders' Meeting (AGM) on April 30, says a Company press release issued via the Vilnius Stock Exchange Nasdaq Omx information system. The board proposes distributing LTL 41.01 million, of which 38.95 million would be placed into reserves. The Company's majority shareholder, the Lithuanian Energy Ministry, said earlier it planned to reduce dividends to 1% of net profit. The Company paid LTL 56.98 million in dividends, or LTL 0.17 per share in 2012. 

Company Quote

0.293
0.0040 +1.38%
21 Oct 2014