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Kaolin Plc to Commence Effective Dividend Payment for Year 2007 on August 1, 2008
With reference to the Decision duly adopted under item 12 of the Agenda of KAOLIN Plc's General Meeting of the Shareholders held on June 27, 2008, regarding the distribution of dividends, please be hereby kindly advised as follows: at a session held on July 7th, 2008, the Management Board of the Company approved the following terms and conditions for dividend payments on the basis of the total amount of BGN 7,500,000 /seven million five hundred thousand Bulgarian levs/ ascertained:
1. Gross amount of the dividend per one share – BGN 0.30;
2. Net amount of the dividend per one share – BGN 0.0285 for individual shareholders;
3. The commercial bank selected to pay the dividends is Unicredit Bulbank AD;
4. Date by which the shareholders’ structure shall be specified in accordance with the requirements of the Law on Public Offering of Securities: July 11th, 2008;
5. Method of dividend payment:
5.1. To those shareholders having securities accounts under Register A of the Central Depository AD /personal accounts/, the dividends are to be paid through the branch system of Unicredit Bulbank AD;
5.2. To those shareholders having securities accounts under Register B of the Central Depository AD /clients’ sub-accounts with the investment intermediary/, the dividends are to be paid through the respective investment intermediary with the cooperation of Central Depository AD.
6. Initial date of dividend payment: August 1, 2008;
7. Final date of dividend payment: November 1, 2008;
8. Upon expiration of the final date of dividend payment, within the 5-year period of prescription, all shareholders who/which have not received their dividends for Y2007 shall have the right to receive their dividends directly from the Company or through bank remittance upon submission of an explicit request, duly addressed to the Company at its address of administration: Bulgaria, town of Senovo, 8 Dabrava Street, or via facsimile: +35984612505.
Dividends that have not been received and have not been sought upon expiration of the aforesaid 5-year period of prescription shall be carried in the Company’s Reserve Fund.
1. Gross amount of the dividend per one share – BGN 0.30;
2. Net amount of the dividend per one share – BGN 0.0285 for individual shareholders;
3. The commercial bank selected to pay the dividends is Unicredit Bulbank AD;
4. Date by which the shareholders’ structure shall be specified in accordance with the requirements of the Law on Public Offering of Securities: July 11th, 2008;
5. Method of dividend payment:
5.1. To those shareholders having securities accounts under Register A of the Central Depository AD /personal accounts/, the dividends are to be paid through the branch system of Unicredit Bulbank AD;
5.2. To those shareholders having securities accounts under Register B of the Central Depository AD /clients’ sub-accounts with the investment intermediary/, the dividends are to be paid through the respective investment intermediary with the cooperation of Central Depository AD.
6. Initial date of dividend payment: August 1, 2008;
7. Final date of dividend payment: November 1, 2008;
8. Upon expiration of the final date of dividend payment, within the 5-year period of prescription, all shareholders who/which have not received their dividends for Y2007 shall have the right to receive their dividends directly from the Company or through bank remittance upon submission of an explicit request, duly addressed to the Company at its address of administration: Bulgaria, town of Senovo, 8 Dabrava Street, or via facsimile: +35984612505.
Dividends that have not been received and have not been sought upon expiration of the aforesaid 5-year period of prescription shall be carried in the Company’s Reserve Fund.