Stock
In 1994 minor stake in company was privatized using voucher privatization. If citizen invested all his vouchers (sold for 1000,- Kčs) in ČEZ, he gained 33 stocks (330 current shares after stock split). In 2007 Czech government decided to sell gradually another 7% stake on stock market, but due price fall of stocks in spring 2009 affected by financial crisis selling was suspended. In 2008 company decided to make share repurchase of 9% stake,.
As of December 31, 2011, the Czech Republic remained the company’s largest shareholder with 70.29% stake in the stated capital.
Stocks are traded on Prague, Czech Stock Exchange – RM-SYSTÉM, Warsaw and Frankfurt stock exchanges. As of December 12, 2011 asset managers held 13.09% (of them as of December 31, 2011, Československá obchodní banka, a. s., held 4.17% and Citibank Europe 4.8%, other legal entities 12.28% and private indiviaduals 4.34% stake). Since 2001 company is paying annual dividends.
Read more about this topic: CEZ Group
Famous quotes containing the word stock:
“Death and life were not
Till man made up the whole,
Made lock, stock and barrel
Out of his bitter soul,”
—William Butler Yeats (1865–1939)
“However low and poor the taking Snuff argues a Man to be in his own Stock of Thought, or Means to employ his Brains and his Fingers, yet there is a poorer Creature in the World than He, and this is a Borrower of Snuff; a Fellow that keeps no Box of his own, but is always asking others for a Pinch.”
—Richard Steele (1672–1729)
“I met a Californian who would
Talk California—a state so blessed
He said, in climate, none had ever died there
A natural death, and Vigilance Committees
Had had to organize to stock the graveyards
And vindicate the state’s humanity.”
—Robert Frost (1874–1963)