Kaolin Allocates 7.5 Million Leva For Dividend

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Kaolin Allocates 7.5 Million Leva For Dividend

At a general meeting appointed June 27, Kaolin () will seek shareholder approval to allocate 7.5 mln leva (3.83 mln euros), 44% of 2007 profit, for dividend payments.

The company's capital stands at 25 million leva and gross dividend per share will come to 0.3 leva, Kaolin said in a corporate notice posted on the website of BSE.

Another issue to be discussed at the meeting is to set 9.69 mln leva (4.95 mln euros) from the profit to Reserves.

Undistributed profit from previous periods in the amount of 9.33 mln leva (4.77 mln euros) will also be set to Reserves.

Shareholders registered as such on June 13 will be entitled to vote at the meeting. The final date for transaction enabling investor to voting rights is June 11.

There are currently 75 bids at between 8.01 and 11.4 leva, and 94 asks between 11.49 and 14.69 leva. The stock lost 0.35% to an average of 11.3 leva yesterday at a turnover of 1,307 shares.

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