NLMK shareholders approve FY2018 dividends

Press release

19 April 2019

NLMK shareholders approve FY2018 dividends

At the Annual General Shareholders' Meeting (AGM) held on 19 April 2019, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the Company's free cash flow according to NLMK Group's consolidated statements prepared in accordance with IFRS. Considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2018 is 5.80 rubles per share.

The date upon which the shareholders entitled to Q4 2018 dividends will be determined was set as 6 May 2019. 

About NLMK Group

NLMK Group is the largest vertically integrated 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 wind turbines.

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 12M 2018, the Company generated $12 billion in revenue and $3.6 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.

For more information on NLMK Group, please visit our website.