31 Oct 2016 15:33
31 October 2016
Management comments regarding the third quarter dividend recommendation
NLMK Group (LSE: NLMK), an international steelmaking company with operations in Russia, the USA and EU member states, informs that the management of the Group is planning to recommend the third quarter dividends in the amount of $350 million equivalent of 75% of the reported free cash flow for the third quarter of 2016.
For information: on November 17, 2016, the NLMK Group Board of Directors will recommend the third quarter dividends for the approval at the Extraordinary General Meeting of Shareholders.
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For more information:
· Q3'16 financial presentation: http://nlmk.com/upload/iblock/28b/presentation_3q_2016_ifrs_results.pdf
· Dividends section of the web-site:
http://nlmk.com/en/investor-relations/shareholder-centre/dividends/
IR contacts:
Sergey Takhiev
Head of Investor Relations
+79857605574
st@nlmk.com
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK's production assets are located in Russia, Europe, and the United States. The Company's steel processing capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia.
NLMK Group's high-quality steel products are used in a variety of industries, from construction and machine-building to the manufacture of power generation equipment and offshore windmills.
In 9M 2016, the Company generated $5.67 billion in revenue and $1,423 million in EBITDA.As of 30 September 2016, Net debt/EBITDA stood at 0.39х.
NLMK's ordinary shares are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares on the London Stock Exchange (ticker "NLMK:LI"). The company's investment credit rating is BBB-.
NLMK Group was recognized as Steel Industry Leader at the prestigious 2016 Platts Global Metals Awards held by a leading international periodical S&P Global Platts, which provides analytical information on commodities and energy markets.
For more information on NLMK Group please visit www.nlmk.com