Baltika could boost dividends by 50% for 2009

march 15, 2010

March 10, 2010 ST. PETERSBURG. (Interfax) - OJSC Baltika Brewing Company's board of directors,at a meeting at the end of last week,made a recommendation to the company's shareholders to approve a dividend payment for 2009 coming to 128 rubles on all share types at their upcoming annual meeting,the company said in a statement.

For 2008's results,Baltika paid 85.1 rubes per share. Therefore,the company's dividends for 2009 could increase by 50.4%.

The annual meeting for shareholders in Baltika is slated for April 8,2010. The shareholder registrar for participating in the meeting was closed on February 18.

The shareholders will also vote of the company's annual financial report and an auditor,as well as a new board of directors. They will also approve third-party transactions.

Baltika's charter capital comes to 164,041,164 rubles divided into 15,714,594 common shares and 12,326,5700 preferred shares at a face value of one ruble.

Baltika Breweries is the largest FMCG producer in Russia. Since 1996 it has been the leader on the Russian beer market. The Company comprises breweries in 10 cities around Russia and one brewery in Azerbaijan. It has a broad portfolio of more than 40 brands,including such famous brands as Baltika,Nevskoye,Yarpivo,Arsenalnoye,Tuborg,and Carlsberg.

The Carlsberg-owned Baltic Beverages Holding (BBH) owns 85.6% of Baltika.

Interfax - 10.03.10

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