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Information on proposals of the Board of Directors for the general meeting of KB
Wednesday Apr 18, 2007
The Board of Directors of Komerční banka, a. s., whose registered office is at Prague 1, Na Příkopě 33/969, postal code 114 07, registered in the Commercial Register maintained with the Metropolitan Court of Prague, section B, file no. 1360, announces that the it will propose the below resolutions for approval to the general meeting that will be held on April 25, 2007:
A) Regarding point 7 of the agenda "Decision on the distribution of profit for 2006"
The general meeting decided to distribute the profit of Komerční banka, a. s., for the year 2006 in the total amount of CZK 8,747,497,842.61 as follows:
- allocation to the Reserve Fund: CZK 437 374 892.13
- dividends: CZK 5,701,477,800.00
- retained earnings: CZK 2,608,645,150.48
The amount of the dividend per share amounts to CZK 150 before taxation. The dividend can be claimed by each shareholder owning a share of Komerční banka, a. s., with ISIN CZ0008019106 as of 25 May 2007. The dividend shall be due on 25 June 2007.
The general meeting decided that the part of the profit for the year 2006 reserved for the dividend corresponding to the treasury stock held by Komerční banka, a. s., and by the companies controlled by Komerční banka, a. s., would be transferred to the account of retained earnings from previous years. The amount of this part of the profit will be determined based on the number of the treasury stock held by Komerční banka, a. s., and by the companies controlled by Komerční banka, a. s., on the date decisive for the dividend payment; that is, on 25 May 2007.
B) Regarding point 11 of the agenda "Decision on the acquisition of treasury stock"
The general meeting agrees with the acquisition of the Bank's ordinary treasury stock under the following conditions:
- The maximum amount of shares that can be held by the Bank at any specific moment shall be 3,800,985 pieces of ordinary shares.
- The share purchase value of a share must be at least CZK 2,000 a piece and at most CZK 4,500 a piece.
- This resolution shall be valid for the term of 18 months.
- Shares may not be acquired by the Bank should such acquisition breach the conditions stipulated in S. 161a (1) (b) and (c) of the Commercial Code.
- For the term of validity hereof the Bank can buy and sell shares repeatedly without any further restrictions.
Wednesday Apr 18, 2007
