Kernel will pay out USD 0.25 dividends per share after 2013/2014 marketing year
2013-07-19 16:40:16
According to the official statement released by Kernel holding, company will pay out dividends after 2013/2014 marketing year. It has been stated that the company is planning to pay out USD 0.25 per share. The dividends will be paid out after the results of 2014 financial year are announced. The decision however still has to be approved by the meeting of the shareholders.
UkrAgroConsult comment: We attribute the announcement to the most recent decline of Agroton shares as company’s cash was frozen in Bank of Cyprus. Demand for financial assets of Ukrainian Agro Holdings abroad declined to the extent they might be sold which would drive down their market capitalization.