VimpelCom could pay an additional $250 million in dividends for the 2010 financial year, which would bring the entire payment to $850 million, the company said.
VimpelCom decided in November to pay interim dividends at $0.46 per American Depositary Receipt (one ADR equals a common share), which put the entire dividend payment at $600 million.
According to terms set in the agreement for the acquisition of Wind Telecom from Egyptian billionaire Naguib Sawiris, VimpelCom will pay up to $850 million in dividends for 2010. The current owners of Wind, including Sawiris, will not have the right to receive those funds.
(Interfax)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
