In line with the intention of the shareholders of NLMK Belgium Holdings SA (NBH), NLMK Group has decreased its holdings in NBH through the sale of its 2% stake to THN, an NBH-affiliated company.
These shares will be available for conversion into treasury shares for potential distribution in the context of long-term incentive program linked to the group’s new strategic cycle.
Via this transaction, the respective holdings of NLMK Group and SOGEPA (Société Wallonne de Gestion et de Participations S.A.) have been equalized to 49% each.
The transaction has no influence on the board composition or governance of NBH and does not influence corporate support or guarantees provided by the existing shareholders of the company. (NLMK/Ukrainian metal)