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Bor Glass Works declares dividend

The board of directors of Bor Glass Works, Nizhny Novgorod, one of Russia“s top producers of glass for vehicles and construction, is recommending that the annual shareholders meeting on 31 May this y…

The board of directors of Bor Glass Works, Nizhny Novgorod, one of Russia“s top producers of glass for vehicles and construction, is recommending that the annual shareholders meeting on 31 May this year endorse the payment of dividends for 2000 at rubles 32 per share with par value of rubles 95. The enterprise has told Interfax that a roster of shareholders with the right to take part in the meeting was drawn up on 12 April 2001. The Bor Glass Works“ charter capital is rubles 418.956 million split into 4,410,066 shares with par value of 95. Cyprus“ Glaverbel Ltd. holds 26.18% of its stock, the European Bank for Reconstruction and Development (EBRD) and International Finance Corp. 19.25% each, Alfa Capital Holdings Ltd., British Virgin Islands 7.05%, Bank Credit Suisse First Boston 6.23% and Finland“s Verinvest OY 6.17%.

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