The Ukrainian Metal

Russia: NLMK Board of Directors recommends dividends for Q4 2017

At a meeting held on March 5 NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q4 2017 dividends of 3.36 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8.

NLMK Board of Directors has also recommended that the shareholders set the date upon which the shareholders entitled to Q4 2017 dividends will be determined as June 20.

The list of persons entitled to participate at the AGM will be compiled on the basis of the NLMK Shareholder Register as of May 14.

Taking into account declared dividends for Q1-Q3 2017, 2017 accrued dividends could total 14.04 rubles per share, which is equivalent to 100% of NLMK Group’s 2017 net profit.

Previously, at the Extraordinary General Shareholder Meeting held on December 22, 2017, NLMK shareholders approved payment of Q3 2017 dividends of 5.13 rubles per share. Aggregate Q1-Q3 2017 dividends amount to 10.68 rubles per share. (NLMK/Ukrainian metal)

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