Ovostar Union will not pay out dividends for 2012
2013-06-27 16:00:03
According to the official information published on Warsaw Stock Exchange, Ovostar Union will follow the general tendency of Ukrainian companies and will not pay out dividends for 2012. Board of company’s Shareholders made such decision in June 26, 2013. Company will reinvest funds in its operations in order to ensure successful implementation of its strategy. Scarcity of outside sources of financing is amongst major reasons for such decision.
UkrAgroConsult comment: The decision has been expected simply due to the fact that majority of Ukrainian holdings have made decisions not to pay out dividends earlier in 2013.
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