TP SA: deadline for dividend payment moved

2007-04-13

An extraordinary general meeting of the shareholders of TP SA has altered the company’s articles of association with regard to the deadline for the payment of shareholder dividends. The company had two months from the resolution of the general meeting of shareholders to pay the dividends. In accordance with the new rules, the incumbent must pay within six months of the resolution.
In 2007 TP SA is to pay PLN 2.66bn (€700m) as shareholder dividends, almost twice as much as the dividend in 2006, when the company paid out PLN 1.4bn (€368.4m).
The shareholders also decided to appoint Antonio Anguita, the deputy CEO of France Telecom, TP SA’s strategic investor, to the Polish operator’s supervisory board.

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