NLMK shareholders approve 3Q18 dividends

Press release

21 December 2018

NLMK shareholders approve Q3 2018 dividends and revised corporate documents 

At the Extraordinary General Shareholders' Meeting (EGM) held on 21 Decdember 2018, NLMK shareholders approved the payment of 3Q'18 dividends of RUB 6.04 per share.

The date upon which the shareholders entitled to 3Q'18 dividends will be determined was set as 9 January 2019.

9M'18 dividends will amount to RUB 17.01 per share.

The Shareholders' Meeting also approved revised corporate documents (NLMK Charter, Regulations on NLMK's General Shareholders' Meeting, Regulations on NLMK's Board of Directors, Regulations on NLMK's Management Board, and Regulations on Remuneration of Members of NLMK's Board of Directors). Regulations on NLMK's Internal Audit Commission and Regulations on Remuneration and Compensation of Members of NLMK's Internal Audit Commission were recognized as null and void, and the powers of members of the Internal Audit Commission were terminated.

The new versions of corporate documents have been brought in line with the requirements of amendments to corporate legislations, and take into account the development of the corporate risk management and internal control system at the Company.

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For more details on NLMK Group's Dividend Policy, please visit our website.

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.