RAO UES Approves Dividends For 2000

The general meeting of shareholders of the Russian national power grid RAO UES (Unified Energy Systems) made a decision on the repayment of dividends for 2000. Dividends will be paid in the amount of 0.02 rubles per an ordinary share and 0.0738 rubles per a preferred share. All in all, 974m rubles ($33.78m) will be spent for repaying dividends, which is 60 per cent more than last year. The authorized capital of RAO UES amounts to 21,558,451,684 rubles (about $748m). It is divided into about 43.117bn shares at a par value of 0.5 rubles. The main shareholders of RAO UES are the Russian Property Ministry (51.6207 per cent), the Bank of New York International Nominees (19.7661 per cent) and the National Depositary Center (6.4383 per cent).