21 Dec 2018 13:02
Press release
21 December 2018
NLMK Board approves corporate documents
At a meeting held on 21 December 2018, NLMK Group's Board of Directors approved updated versions of its internal corporate documents (NLMK Group's Anti-Corruption Policy, NLMK Group's Corporate Ethics Code, Regulations on NLMK's HR, Remunerations and Social Policy Committee, Regulations on NLMK's Corporate Secretary, NLMK's Corporate Governance Code).
Updated versions of NLMK Group's Corporate Ethics Code and Anti-Corruption Policy contain clarifications and additions in line with the recommendations and global practices in the area of sustainable development, including to the Group's commitments in the area of human rights, employee labour rights, taking into account the requirements set forward by the International Bill of Human Rights, Fundamental International Labour Organization Conventions, and other documents.
Media contact info: Sergey Babichenko +7 (916) 824 6743 babichenko_sy@nlmk.com | IR contact info: Dmitry Kolomytsyn, CFA +7 (495) 504 0504 ir@nlmk.com |
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 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 9M 2018, the Company generated $9 billion in revenue and $2.7 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).
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"). 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.
The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards - Steel in 2016, and awarded it the CEO of the Year in 2018.
For more information on NLMK Group, please visit our website.