BoD recommends not to pay out 4Q21 & 1Q22 dividendSource: RNS
7 June 2022
NLMK Group Board of Directors recommends not to pay out Q4 2021 and Q1 2022 dividends
At a meeting held on 6 June 2022, NLMK Board of Directors annulled its resolution adopted on 2 February 2022 regarding the amount of Q4 2021 dividends (RUB 12.18 per share) and recommended shareholders not to pay out dividends for the period. The Board of Directors also concurred with management's recommendation not to pay out dividends for Q1 2022.
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 18 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 information about NLMK Group, please visit our website.
IR contact info:
Dmitry Kolomytsyn, CFA
+7 (495) 504 0504
Media contact info:
+7 (915) 322 62 25