Avangardco Investments Public Limited announced that its extraordinary general meeting of shareholders held on 26 February 2015 approved dividend distribution in the amount of $6.6 million representing $4.625 per ordinary share (1 share = 10 GDRs) to the company's minority shareholders of record on 14 October 2014. The meeting also approved the delay in dividend distribution of $22.9 million to the majority shareholders, which shall be held on the company's account as credit for their benefit, and shall be paid to them by the company upon their request at any later stage. The exact date of dividend distribution to the minority shareholders will be determined by the Board of Directors and will be communicated to the market.