TNK-BP Holding EGM Approves Interim Dividend
OREANDA-NEWS. TNK-BP announced that its Russian holding company, TNK-BP Holding (TBH) held an Extraordinary General Meeting of shareholders (EGM) today at which an interim dividend of RUR 97 billion (RUR 5.95 per share) was approved.
The dividend will be paid from TBH earnings for the first nine months of 2006, which include the impact of the sale of Udmurtneft to Sinopec completed in August 2006.
The EGM also approved a change to the charter of the company, which will allow a maximum time period of six months to pay declared dividends.
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