According to the official information released by the company, Vladislav Kuraev will become a part of top-management of the company. He will be responsible for logistics operations of the company in Ukraine, Russia and Poland. Product supply and client relations will be managed by Mr. Kuraev as well. He was formerly employed by “Crimea Vodochnaya Kompaniya”, having expertise in managing logistics in Ukraine and Russia for the liquor producing.

Unlike the majority of the holdings that decided to skip dividend payouts this year, Milkiland will pay out dividends for 2012. Company will pay EUR 0.08 per share for the total of EUR 2.5 million. The decision was made on June 21 2013, the dividends will be paid out on November 15, 2013. Company’s capitalization decreased by -2.63% to PLN 82.71 million compared to Tuesday trading session price level.

UkrAgroConsult comment: Due to the fact that Milkiland is aiming to expand its operations in Russia, new manager, experienced in operations in Russia. Company took a gamble with dividend payouts, trying to show that investors are to benefit from owning company shares even during harder times. Company bets on the fact that such action will promote the company itself and will attract more investors in the future. Company might face liquidity problems in the future as the result of this decision. We will closely monitor the situation and will update you accordingly.

UkrAgroConsult