NLMK BoD recommends dividends for Q4 2020Source: RNS
11 February 2021
NLMK Board of Directors recommends dividends for Q4 2020
At a meeting held on 11 February 2021, NLMK Group's (LSE: NLMK) Board of Directors recommended the Company's shareholders to approve Q4'20 dividends of RUB 7.25 per share.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'20 dividends in the amount of RUB 7.25 per share. Taking into account dividends accrued in Q1-Q3'20, 12M'20 dividends can total RUB 21.64 per share.
The date on which the persons entitled to dividends are determined will be recommended when the decision is made to convene the NLMK Group Annual General Meeting of Shareholders.
Previously, at the EGM held on 18 December 2020, NLMK shareholders approved Q3'20 dividends in the amount of RUB 6.43 per share. Total 9M'20 dividends amounted to RUB 14.39 per share.
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 20.7% 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.
Investor relations contact:
Dmitry Kolomytsyn, CFA
+7 (495) 504 0504
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