28 Apr 2017 13:50
Media contact info: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com | Investor Relations contact info: Sergey Takhiev +7 (495) 915 1575 tahiev_sa@nlmk.com |
Press release
28 April 2017
NLMK BOARD APPROVES AGM AGENDA
The Board of Directors of NLMK Group, an international steel company with operations in Russia, the EU and the USA, held a meeting on 28 April 2017 during which the agenda for the Annual General Shareholder Meeting (AGM), which will be held on 2 June 2017, was approved.
The list of persons entitled to participate at the AGM will be based on the NLMK Shareholder Register as of 8 May 2017.
NLMK AGM agenda approved by the Board of Directors on 28 April 2017:
· Approval of NLMK's 2016 annual report.
● Approval of annual accounting (financial) statements, including financial statements for FY2016.
● Approval of NLMK's profit distribution (including declaration of dividends) for FY2016.
● Approval of payment (declaration) of dividends for Q1 2017.
● Election of NLMK's Board of Directors.
● Election of NLMK's President (Chairman of the Management Board).
● Election of NLMK's Internal Audit Commission.
● Approval of remuneration payment to NLMK's Board Members.
● Approval of NLMK's Auditor.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe, and the United States. The Company's liquid steel production capacity is over 17 million tonnes per year.
NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the sector. In 12M 2016, the Company generated $7.636 billion in revenue and $1.941 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.
NLMK free-float is 16%, its ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI). For more information on shareholder structure, please follow the link.
In 2016 NLMK Group received Steel Industry Leadership Award from S&P Global Platts, a global analytical agency.