OREANDA-NEWS On 04 September was announced, that CenterTelecom OJSC effected dividend payments on nominal non-documentary preferred shares for 2007 in the amount of RUR0.6910119 per share.
 
The company allocated the full sum of RUR363,467,300 for the payments. CenterTelecom has already paid RUR342,507,270 or 94.2% of all dividends payable on preferred shares for 2007.
 
Obligations to pay out dividends against this category of the company’s equity shares have now been fulfilled in full, with the exceptions being those where the company is not held liable according to Article 44 of the Federal Law “On Joint Stock Companies” or the company’s Dividend Policy, as approved by CenterTelecom’s Board of Directors, namely:

Failure by a shareholder or his/her heir to appear at the company’s cash office to pick up dividends;

Where a shareholder has failed to supply banking details or has supplied incorrect details for the transfer of dividend payouts.