| |  Russian natural juice producer Lebedyansky is planning to lower dividends for 2006 2.4 times to RUR28.42 (approx. USD1.1) per common share compared to what it paid for 2005. A corresponding recommendation has been put forward by the company's Board of Directors for the annual general shareholders' meeting scheduled for June 20, 2007, the company reported. The record date has been fixed for May 1.
The Board of Directors recommended that shareholders allocate RUR580.089m (approx. USD22.52m) for dividends on common shares for 2006. The annual general meeting is to decide on a proposed payment of remuneration of RUR8m (approx. USD310,560) to Board of Directors members. Some RUR1.732bn (approx. USD67.24m) is recommended to be allocated for corporate needs. Shareholders will also approve the annual report and financial statement, among other things.
"Alliance Media" News Agency, based on the story by RBC
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Russian juice producer to slash dividends
