The Board of Directors of the OJSC Concern “Kalina” has taken a decision to recommend to the General Meeting approving interim dividends for the first half year of 2004 at the amount of 3,75 rubles per one common share at the face value of 70 rubles.
The Board of Directors of the OJSC Concern “Kalina” has taken a decision to recommend to the General Meeting of the OJSC Concern “Kalina” approving interim dividends for the first half year of 2004 at the amount of 3,75 rubles per one common share at face value of 70 rules. The decision was taken unanimously. The size and period of payment of dividends will be approved at the Extraordinary General Meeting on 10th August 2004. The issue about payment of interim dividends for the first half year of 2004 as well as the issue about the membership of the Board of Directors are included in the agenda of the General Meeting.
We would like to remind you that for the first half year of 2003 the shareholders were paid interim dividends at the amount of 2 rubles per one common share at face value of 70 rubles. The concern “Kalina” pays dividends annually starting from the date of acquiring the status of the joint stock company in 1992. The size and period of payment of dividends are approved at the General Meetings. In 2003 the dividends totaled 7,5 rubles per one common share at face value of 70 rubles (2 rubles per one common share for the first half year of 2004 and 5,5 rubles for the second half year of 2004). In 2002 dividends amounted to 2 rubles, in 2001 – 1 ruble and in 2000 - 0,5 rubles per one common share.
About the company. JSC concern “Kalina “ is one of the leaders of the Russian perfumery and cosmetics producers. The leading brands of the company are “Black Pearl”, ”Clean Line” and “MIA” among the skin-care products, “32”, “Forest Balsam”- on the mouth-care market, ‘Angelica Varum” – among perfumes.
Concern “Kalina” consists of factories as follows, except factory in Ekaterinburg:
- Omsk factory of detergents
- Subsidiary "Pallada Ukraine" (Ukraine)
- Subsidiary factory "Novoplast"
- Kalina Overseas Holding B. V. (Netherlands)
Further information you may get from the press-secretary of the JSC concern ‘Kalina”- Kazantsev Sergey, tel./fax.(343) 365 83 06, e-mail: pressa@kalina.org.
Statements on development prospects of the company. Certain information of the present press-release may contain forecasts or any other statements on the development prospects or future financial indices of the JSC concern ‘Kalina”. You should bear in mind that these statements do not guarantee attaining the stated results or occurrence of any forecast events of company’s performance. They include risks, uncertainty and assumptions which the company can not exactly forecast. Correspondingly, actual indices and results of company’s operation may considerably differ from the stated data or forecasts shown in the statements on the development prospects of the company. The company does not intend to make any changes in the indicated statements in order to bring them into accord with actual results.
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Present announcement is for distributing among persons who may receive it in the circumstances in which article 21(1) of the Law of financial service and markets 2000 does not apply to the company.
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