News

Outcomes of the Ordinary General Meeting of Metrostav a.s.

The ordinary general meeting of the Company, which was held on May 5, 2006,

• approved the Financial Statement for 2005,
• decided on the use of generated profit for 2005 as follows:
Contribution to the Reserve Fund 0.00 CZK (because the statutory amount of the Reserve Fund has already been reached)
Dividend Payment 237,200,040.00 CZK (i.e. 30.- CZK per 1 share)
Royalty Payment 16,250,000.00 CZK
Transfer to Retained Profit Account 450,139,353.43 CZK
Total Distributed 703,589,393.43 CZK
• decided that the record day for exercising the right to the dividend should be May 5, 2006 and the dividend should be due and payable by August 5, 2006;
• decided that the dividend payment to the shareholders should be made in the following manner:
Metrostav a.s. (hereinafter referred to as the “Company“) shall pay the dividends to the shareholders – natural persons at the Company‘ s cost and through Komerční banka, a.s. by the due date such that the bank shall send a letter specifying the dividend payment method to the shareholders at their address stated in the register of booked securities as at the record day.
The Company shall pay the dividends to the shareholders – legal entities by transfer to their accounts by the due date, and all that at the shareholder’s request addressed to the Company and bearing authenticated signatures of the authorized persons, with an attached authenticated extract from the Commercial Register and with bank connection and account number data. In the case of foreign shareholders, it is also necessary to attach a tax domicile document to the request with the above mentioned items; the submitted documents, as well as the signatures of authorized persons, must be authenticated in accordance with the international law, must be translated into the Czech language and provided with the certified translator’s stamp. In the case of requests filed by representatives of the shareholders – legal entities, a power of attorney with authenticated signatures must be attached to the request; in the case of foreign powers of attorney, the powers of attorney must be authenticated in accordance with the international law, must be translated into the Czech language and provided with the certified translator’s stamp. The authorization of the authorized representative to act on behalf of the shareholder in the matter of the dividend payment for 2005 must unambiguously follow from the powers of attorney.
If the request of the legal entity’s statutory body is delivered to the Company after the dividend due date, however no later than within 4 years after the due date, the Company shall make the dividend payment within 30 days of the request delivery;
• decided on the alteration of the Articles of Association such that the scope of business of the Company was extended by the activities regarding the organization of educational courses and provision of services in the area of occupational health and safety;
• acknowledged the resignation of one member of the Supervisory Board and elected Ing. Viliam Turanský to a new member of the Supervisory Board;
• decided on the remuneration to the members of the Company bodies.


For more information contact:
Frantisek POLAK
spokesman Metrostav a.s.
Tel.: +420-266 709 294
E-mail: polakf@metrostav.cz