OREANDA-NEWS. September 10, 2010. Baltika Breweries has announced the results of its extraordinary general shareholders meeting.

At an extraordinary general shareholders meeting conducted by mail-in voting, dividends on the results of Baltika financial and business operations for H1 2010 were approved.

The decision was taken to pay dividends on H1 2010 in the amount of 42 roubles, 00 kopeks per one ordinary and one preference share. This decision received the support of 99.97% of the votes of the shareholders who participated in the meeting.

The decision to pay out the dividends was taken based on the financial results of Baltika operations for H1 2010. Payment of the dividend in several stages is appropriate from the point of view of cash flow management, and also allows Baltika shareholders to manage their funds more effectively.

The payment period for dividends has been fixed between 27 September 2010 and 15 March 2011.

Baltika Breweries is Russia's largest consumer goods producer and since 1996 has been the leader on the Russian beer market. The Baltika brand is a leader in European sales (Canadean, Euromonitor). The company has breweries in ten Russian cities, a brewery in Azerbaijan, and boasts an extensive brand portfolio. Baltika Breweries is the leading exporter of Russian beer: Baltika products are represented in more than 60 countries, and make up 70% of all Russian beer exports. Baltika celebrated its 20th anniversary in 2010. At Baltika, innovation is one of the fundamental principles of development. This relates to both the development of our brand portfolio through the introduction of fundamentally new products, packaging, and marketing strategies to the Russian market, and to production technologies, logistics, and sales.

Over 20 years Baltika has devoted special attention to issues of quality: our breweries use modern equipment, incorporate advanced quality management systems, and only the best ingredients are used to make our products.