13 August 2015
NLMK Board of Directors recommends Q2 2015 dividends of RUB5.6 billion
NLMK Board of Directors held on 13 August 2015 recommended that NLMK shareholders approve payment of dividends for Q2 2015 in the amount of RUB5,574 million, or RUB0.93 per share, at the next Extraordinary General Meeting of Shareholders (EGM).
Shareholders entitled to dividends for Q2 2015 will be determined on 12 October 2015.
NLMK Board of Directors set the date for EGM (the deadline for the receipt of absentee voting ballots) as 30 September 2015.
In line with the new Dividend Policy, starting from 24 April 2015 NLMK has been paying dividends on a quarterly basis. For Q1 2015, shareholders received RUB9,829 million, or RUB1.64 per share.
The list of persons entitled to participate at the EGM will be prepared on the basis of the NLMK Ordinary Shareholder Register as of 24 August 2015.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK’s metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.
NLMK has the most competitive cash cost among global manufacturers; and one of the highest profitability levels in the sector. The company generated $10.4 billion in revenue; $2.4 billion in EBITDA; and a net profit of $845 million in 2014.
NLMK’s ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI).