Mostostal Płock's shares boom on news of dividend payout

The company has already paid out zł.10 million in dividends this year. Now the company wants to sell a minority stake in Mostostal Invest and hopes to receive as much as zł.7.5 million from the transaction. It also plans to use some financial surpluses it has. "We have around zł.8 million in deposits. The dividend pay-out will not be connected with taking any loans. The company's solvency will not be threatened in any way," assured Mostostal president Wiktor Guzek. A large share of the paid out money will return to the Płock-based company since almost zł.6 million of the dividend will go to Mostostal Warszawa, the company's strategic investor, which will use it to buy out its bills of exchange from Mostostal Płock. The investors on the bourse welcomed the news about the dividend and the Mostostal Płock shares price increased by 24.3% yesterday. (Parkiet, p. 2) E.B.