utk
KRASNODAR - Southern Telecommunications Company (“UTK”) [(RTS: KUBN, KUBNP; МICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA)], the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports that UTK’s dividend payout on preferred shares for the Company’s 2008 financial results totals 51,364,697.47 rubles as of 25th August 2009.
The decision to execute the dividend payout on preferred shares and the dividend size (0.0573 rubles per one preference share) were approved by the Company’s Annual General Shareholders' Meeting held on 26 June 2009.
The total amount of 2008 dividends accrued on UTK’s preferred shares is 55,704,300.32 rubles.
The amount of the paid-out dividends has exceeded 92 % of the income subject to payment. Non-execution of the obligation to pay out 2008 dividend is due to the fact the Company’s shareholder register contains out-dated information about some shareholders’
When the Company receives all the necessary information from its shareholders and nominal holders, it will pay out the dividend in full. The information on dividend payment can be acquired by telephone (851) 259-25-38.
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