NLMK.L Regulatory News (NLMK)

Press release

28 September 2018

NLMK shareholders approve Q2 2018 dividends

At the Extraordinary General Shareholders' Meeting (EGM) held on 28 September 2018, NLMK shareholders approved the payment of 2Q'18 dividends of RUB 5.24 per share.

The date upon which the shareholders entitled to 2Q'18 dividends will be determined was set as 12 October 2018.

6M'18 dividends will amount to RUB 10.97 per share.

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 H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31х. 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.