Press releases pg. 29
ČEZ will propose the General Meeting to approve cancellation of a part of the treasury stock, continuation in its buyback and doubling of the dividend sum
In accordance with the binding dividend policy, at today’s meeting the Board of Directors of the power engineering company ČEZ decided on a proposal of the sum of the dividend from the last year’s profit to be submitted to the General Meeting of Shareholders which will be held on 21 May 2008. The Board of Directors will propose a gross dividend amounting to 40 CZK per share. The Board of Directors has also decided on submission of a proposal for cancellation of the treasury stock which has already been bought back and for granting of a mandate for new buyback to be implemented depending on the development of the cash-flow of ČEZ and the situation on financial markets.
9. 4. 2008
CEZ Group reached profit of 42.8bn CZK last year
Investments into property (excluding acquisitions) amounted to 30.7bn CZK.
CEZ Power Group reached a net profit of 42.8bn CZK in 2007, which was 49 per cent up on the previous year. The growth was given by higher production, a rise in wholesale prices, operating cost savings and the results of CEZ Group´s activities abroad. The growth was also markedly affected by extraordinary influences, like an impact of the tax reform in the amount of over 3 billion CZK, which reflected the influence of lower tax rates for deferred tax calculation and a change in the estimate of non-invoiced electricity. The contribution of foreign activities to the operating profit was 6bn CZK, which was 27 % more than in the previous year.
25. 2. 2008
Standpoint of CEZ Group to „EU environmental package“
Today, on Jan. 23 2008 European Commission published the so-called environmental package, i.e. the complex of drafts of legal regulations by which the political commitment of member countries of the spring summit of European Council in March 2007 shall become binding standard.
23. 1. 2008
CEZ Group was granted a loan for general financial demands including financing of MOL shares acquisition, MOL shares acquisition has been settled today
On January 15 CEZ Group concluded a credit contract for the amount of EUR 600 mil. (app. CZK 15.8 billion) for general financial demands including acquisition of 7% share in MOL company within the concluded strategic alliance between both companies. Yesterday, on January 22, the loan has been applied and today the transaction between ČEZ and MOL has been settled.