At a meeting held on October 24 NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q3 dividends of 3.22 rubles per share at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on December 20.
This is approximately equivalent to 120% of the company’s free cash flow based on its IFRS consolidated results for Q3.
The Board of Directors also recommended that shareholders set the date upon which the shareholders entitled to Q3 dividends would be determined as January 9, 2020.
The list of persons entitled to participate at the EGM will be compiled as of November 25.
Previously, at the EGM held on September 27 NLMK shareholders approved Q2 dividends in the amount of 3
Total Q1 and Q2 dividends amounted to 11.02 rubles per share. (NLMK/Ukrainian metal)
.68 rubles per share.