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Regulatory News


NLMK shareholders approve dividends for Q2 2017

Fri, 29th Sep 2017 14:00


RNS Number : 2822S
Novolipetsk Steel
29 September 2017
 

Press release                                                                                          

29 September 2017

NLMK shareholders approve dividends for Q2 2017

At the Extraordinary General Shareholder Meeting (EGM) held on September 29, NLMK shareholders approved payment of 2Q'17 dividends of RUB 3.20 per share.

The date upon which the shareholders entitled to 2Q'17 dividends will be determined was set as October12, 2017.

6M'17 dividends will amount to RUB 5.55 per share.

* * *

For more information about NLMK Group's dividend policy please visit NLMK's website.

 

 

 

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group's high-quality steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2017, the Company generated $4.7 billion in revenue and $1.22 billion in EBITDA. As of 30 June 2017, Net debt/EBITDA stood at 0.4?. The company has an investment grade credit rating from S&P and Fitch.

NLMK's ordinary shares with a 16% 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"). For more details on NLMK shareholder capital, please follow the link. 

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.

 

For more information on NLMK Group, please visit our website 

 

Enquiries:

Media contact info:

Sergey Babichenko

+7 (916) 824 6743

babichenko_sy@nlmk.com 

Investor Relations contact info:

Sergey Takhiev

+7 (495) 504 0504

st@nlmk.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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