OREANDA-NEWS. June 28, 2007.  Pava's shareholders decided to direct 10% of the net profit for 2006 to the dividend payment, said in the company's announcement.

For 2005 the company paid dividends in the amount of 2.65 mil rub or 0.003 rub per one common share.

The BOD structure was formed of Andrey Igoshin, Pavel Igoshin, Galina Balanenkova, Aleksey Ablaev, Sergey Stolbov, Hubert De Biolley, Vladimir Kvint, The check-up committee was formed of Natalia Zaborskaya, Alexander Samartsev, Svetlana Ursu.

The shareholders approved annual report and financial statements and new edition of charter.

The core business of Pava (before July 2005 the company's name was APK Khleb Altaya OJSC (Altai's Bread)) is the purchasing, storage and processing of wheat, production of flour, semolina, screenings, feed mix and all-mash. In March 2005 the company raised RUB 221 mln, having placed 10% shares in an IPO. Investors were offered 8842106 ordinary shares at RUB 25 per share. The company placed 4421053 newly issue shares of RUB 0.001 par on the MICEX. The same number of shares held by the company's present holders was placed in the RTS. As a result of the placement, the market capitalization of the agrarian holding surpassed RUB 2.1 bn.