At a meeting held on April 28, NLMK Group’s Board of Directors recommended the company’s shareholders approve of payment of Q1 dividends at the upcoming Annual General Shareholder Meeting (AGM) to be held on June 2.
Board of Directors recommended NLMK shareholders approve of Q1 dividends of RUB 2.35 per share, equivalent to 77% of NLMK Group’s net profit based on its 3 month 2017 IFRS consolidated results.
Dividend yield of Q1’17 dividends will total 8.4%.
NLMK Board of Directors has also recommended that the General Shareholder Meeting set the date upon which the shareholders entitled to Q1 dividends would be determined as June 14.
The list of persons entitled to participate at the AGM will be compiled on the basis of the NLMK Shareholder Register as of May 8. (NLMK/Ukrainian metal)