O2 Czech Jumps as Company Considers One-Time Shareholder Payment
- Payment equivalent to 22 percent of Monday's closing price
- Company can increase debt level by 50 koruna per share
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O2 Czech Republic AS’s shares jumped to the highest in eight years after an official said the Prague-based phone company was considering a one-time payment to shareholders.
The operator, which is 85 percent owned by Czech billionaire Petr Kellner’s PPF Group NV, rallied 13 percent to 192 koruna by the close in Prague, the highest since Sept. 2007 when adjusted for a spinoff of some operations earlier this year. O2 Czech is considering a 38 koruna one-time payment on each share and has capacity to increase debt by as much as 50 koruna per share, Supervisory Board Chairman Martin Stefunko said in a video interview posted on the Motejlek.com website.