annual report 2004 - Severočeské doly a.s.

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Right to a Dividend
1. The General Meeting shall decide, pursuant to a proposal from the Board of Directors, on the dividend
payment date, place, method of payment, and decisive day for the payment of the dividend.
The dividend is payable within three months of the date the General Meeting resolution
on the distribution of profits is adopted.
The right to the payment of a dividend is time-barred once four years have elapsed as of the decisive
date for the dividend payment.
2. Rights attaching to shares are exercised by the person listed in the statutory records at the Prague
Securities Centre, unless the law specifies to the contrary.
a) If one share is owned by several persons the co-shareholders are obliged to agree on which
of them shall exercise the rights attaching to the share or to appoint a joint representative.
b) Should a shareholder die, his heir is entitled to exercise rights attaching to a share, unless
the law specifies to the contrary. Where there is more than one heir, the co-shareholders are
obliged to agree on which of them shall exercise the rights attaching to the share, or to appoint
a joint representative. Should the heirs be unable to reach agreement, a court shall decide,
pursuant to a proposal from the company, on the person entitled to exercise rights attaching
to a share until such time as the end of proceedings.
c) The right to the payment of a dividend may be transferred independently by registration
of the transfer in the records of dematerialized shares.
Detailed information about shareholder rights can be found in the chapter entitled ‘Corporate
Governance’.