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2009 July 6   10:45

Ust-Luga Company JSC not to pay dividends for 2008

Shareholders of Ust-Luga Company JSC decided not to pay dividends for 2008, the company officially states.

The general meeting of the shareholders also approved the company’s financial statements. 

Ust-Luga Company JSC was established in 1992 for implementation of a project on construction of Russia’s new commercial seaport in the of the Gulf of Finland. Ust-Luga Company JSC has several lines of activity related to creation of the largest in Russia multipurpose commercial seaport Ust-Luga and complex social-economic development of the territories adjacent to the port. The largest shareholders of the company are the Leningrad Region government (25% of shares + 1 share) and Novyje resursy CJSC (20.04% of the company’s ordinary shares).

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