Czech Republic: Plzensky Prazdroj pays out a dividend of 100 % of nominal share value
Plzensky Prazdroj, a.s., a unit of SABMiller announced on July 28 that at its Annual General Meeting on July 28, 2005, shareholders approved the financial statements for the year ended 31 March 2005. A resolution was also approved to pay out a dividend of 100 % of nominal share value. “The Annual General Meeting brought amendments to Plzensky Prazdroj, a.s. Articles of Association. The dividend of CZK 1,962,064 thousand to be paid to shareholders is calculated as follows: CZK 1,000 per one share of Plzensky Prazdroj, a.s. at a nominal value of CZK 1,000;
CZK 10 per one share of Plzensky Prazdroj, a.s. at a nominal value of CZK 10.”
Changes to the Articles of Association are to comply with amendments of the Czech Commercial Code and to update meeting procedures and decisions making by the Board of Directors.
Annual General Meeting also elected Michael Short, Plzensky Prazdroj Managing Director, as Chairman of the Board of Directors. New members of the Board of Directors were elected – Roy Bagattini and Tibor Kovács.
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