Pursuant to its Articles of Association, Globaltrans Investment PLC (or the Company) may pay dividends out of its profits. The Company is a holding company and thus its ability to pay dividends depends on the ability of its subsidiaries to pay dividends to the Company in accordance with relevant legislation and contractual restrictions. The payment of such dividends by such subsidiaries is contingent upon the sufficiency of their earnings, cash flows and distributable reserves and, in the case of Russian subsidiaries, is restricted to the total accumulated retained earnings of the relevant subsidiary, determined according to Russian law.
To the extent that the Company declares and pays dividends, owners of the Global Depositary Receipts (GDRs) on the relevant record date will be entitled to receive dividends payable in respect of ordinary shares underlying the GDRs. The Company expects to pay dividends, if at all, in US Dollars.
Information presented below relates to the dividends declared after the initial public offering on 30 April 2008.
Dividends declared | Record date | Payment date | Dividend amount (US cents per share) |
3 May 2010 | 3 May 2010 | 4 May 2010 | 15.177 |
Note: for the holders of GDRs payment date may differ from those indicated for holders of ordinary shares.
