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PRAGUE

Kleslová is in the management of Pražská teplárenská. The company will pay a lower dividend

Sugar Mizzy June 17, 2015

Pražská teplárenská will pay a dividend of 185 crowns from last year’s profit for one share before tax, which is 174 crowns less than last year. The company’s general meeting last week also decided to change the five-member board of directors. Radmila Kleslová, the chairwoman of Prague ANO, the mayor of Prague 10 and a former member of the communist intelligence service, was elected to replace Petr Valert.

The changes also took place in the company’s supervisory board, which has six members. ODS representative Petr Martan and TOP 09 representative Věra Šturmová were replaced by Petr Lachnit from ANO and People’s Party Daniel Kajpr.

Last year, Pražská teplárenská reported a consolidated net profit of 747 million crowns. The company transferred it entirely to the account of retained earnings of previous years, from which it subsequently paid out about 785 million crowns. In addition to CZK 766 million in dividends, CZK 9.6 million was paid to the Board of Directors and the Supervisory Board in royalties.

The Chairman of the Board of Directors is Křetínský

Pražská teplárenská’s main shareholder is Energetický a průmyslový holding (EPH), whose largest shareholders are entrepreneurs Daniel Křetínský and Patrik Tkáč, who together hold two thirds of the shares. Křetínský therefore serves as the Chairman of the Board of Directors of Pražská teplárenská. The remaining 27 percent is shared by Prague with small shareholders.

In March, EPH set aside a part of Pražská teplárenská. Eleven areas and boiler rooms on the left bank of the Vltava have merged into the PT measurement company. According to some information from the capital city of Prague, it may be a matter of preparing to sell part of the company.

Pražská teplárenská covers almost 40 percent of the current thermal energy market in the capital. It supplies heat to about 270,000 households. In addition to the metropolis, its activities are also concentrated in adjacent areas, such as Neratovice.

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