NLMK BoD new recommendation on Q4'19 dividendsSource: RNS
24 April 2020
NLMK Group Board of Directors issues new recommendation on Q4 2019 dividend payment
At the Annual General Shareholders' Meeting (AGM) held on 24 April 2020, NLMK shareholders decided not to approve the Q4 2019 dividend amount recommended earlier by the Board of Directors and proposed that it be halved.
At a meeting held on 24 April 2020, NLMK Group Board of Directors resolved to convene an Extraordinary General Shareholders' Meeting to be held in absentia on 29 May 2020, and gave shareholders an updated recommendation on the payment of Q4 2019 dividends in the amount of RUB 3.12 per share.
Shareholders were recommended to set the date as of which persons entitled to Q4 2019 dividends are determined as 9 June 2020. The date as of which persons entitled to participate in the Extraordinary General Shareholders Meeting are determined is 5 May 2020.
IR contact info:
Dmitry Kolomytsyn, CFA
+7 (495) 504 0 504
Media contact info:
+7 (915) 322 62 25
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.
NLMK's ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital please follow the link.
For more information about NLMK Group, please visit our website.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact email@example.com or visit www.rns.com.