BOD of Murmansk Commercial Seaport recommends payment of dividends

The board of directors of Murmansk Commercial Seaport held its meeting on April 30 and decided to hold general meeting of shareholders on April 29, 2009. Besides, BOD recommended the company’s shareholders to pay RUR 857.94 per ordinary share and RUR 2.573.95 per A-class preferred share as dividends for 2008.

JSC Murmansk Commercial Seaport was established in 1994 on base of the public enterprise and nowadays it is one of Russia’s busiest ports. The port has 17 berths with total length of some 3,000 meters. The length and depth enables the port to handle vessels of up to 15.5 meters in draft and over 265 meters in length. In 2008 the company handled 14.329 million tonnes of cargo.