The Board of Directors at Lipetskcombank recommended that an EGM decide to approve Rub 77.76 mln dividend payouts starting December 26, including Rub 77.50 mln as common dividends or Rub 24.80 per share; Rub 228,056 for preferred shares with Rub 1.00 par value each with guaranteed dividends equaling 50% of par value or Rub 0.50 per share; Rub 31,650 for preferred registered shares with Rub 1.00 par value each with guaranteed dividends equaling 15% of par value or Rub 0.15 per share and Rub 44.27 per share for a preferred registered stock with double par value of Rub 1.00 or $20 with guaranteed dividends of 8% of par value in dollars.
The deadline for forwarding ballot sheets to shareholders is no later than December 2, with the ballot sheet acceptance deadline of December 23, 2008.
According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Lipetskcombank stood at Rub 17.17 bln (123rd place in Russia). The lending institution is a member of the national deposit insurance system.
