OREANDA-NEWS. August 31, 2009. Kalina Concern (RTS: KLNA) could downsize 1H 2009 dividends by 80%. The company’s board has recommended that the shareholders approve at its October 6 EGM RUB 5.5 dividend payouts for 1H 2009 per common share with RUB 70 par value, according to the company’s statement.

Kalina Concern expected to pay RUB 10.15 in 1H 2008 dividends per RUB 70 share. Therefore, dividends could be slashed by 80%. It is proposed that dividends are to be paid out within 60 days from the date of the respective decision.