30 Sep 2015 14:59
30 September 2015
NLMK shareholders approve 5.6 billion ruble dividend payment for Q2 2015
NLMK's Extraordinary General Meeting of Shareholders, which was held on 30 September 2015, has approved payment of dividends for Q2 2015 in the amount of 5,574 million rubles, which is equal to RUB 0.93 per share.
For Q1 2015, shareholders received 9,829 million rubles, which was equal to 1.64 rubles per share.
The date on which the shareholders entitled to dividends will be determined was set as 12th October 2015.
The following dates were set for dividend payment:
- up to and including 26 October 2015 for nominal shareholders and professional securities market participants (trust managers);
- up to and including 17 November 2015 for other shareholders (including individuals).
NLMK Group presented its new Dividend Policy that came into force on 24 April this year at its Capital Markets Day, which was held in February 2015. According to the new Policy, the Company pays dividends on a quarterly basis; in an amount of not less than 30-50% of net income or free cash flow (50% if Net Debt/EBITDA is less than or equal to 1.0x).
For more detailed information on NLMK's Dividend Policy and the history of dividend payments, please visit the Dividends section: http://nlmk.com/investor-relations/shareholder-centre/dividends.