TPSA to pay out zł. 140 million in dividends for 2002

Yesterday, TPSA's General Shareholders' Meeting decided to allocate zł. 140 million out of 2002's zł. 957.5 million profits, for a dividend payout. On June 5 all shareholders holding shares on May 12 will receive a zł.0.10 per-share dividend. The Shareholders' Meeting also decided to change the structure of TPSA's supervisory board. The board was joined by Jean Paul Cottet and Pierre Hamon, recommended by France Telecom (FT), and Andrew Seton, proposed by the European Bank for Reconstruction and Development (EBRD). They replace Michel Bertinetto, Peter Reiniger and Jean-Yves Gouffes. FT is counting on Kulczyk Holding's decision to exercise its option to sell the French operator its 13.57% stake in TPSA. In connection with the possible transaction, FT created a reserve of euro 571 million in 2002. (Rzeczpospolita, p. B5) A.K.