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Fotex Holding pays €651,000 dividend on preference shares

Shareholders of Property holding company Fotex Holding approved a proposal to pay dividend only on preference shares at an annual general meeting on April 26.

Fotex will pay €651,000 in dividend on 1.55 million non-voting preference shares.

There are 70.7 million ordinary Fotex shares floated on the Budapest Stock Exchange. The 2 million preference shares, of which 450,000 are treasury shares, are not listed.

Fotex issued the preference shares in August 2007. It paid out a dividend on the shares in 2008 and 2009.

Fotex has not paid a dividend on ordinary shares since 1998. (MTI-Econews)