At the Extraordinary General Shareholders’ Meeting (EGM) held on December 20 NLMK shareholders approved the payment of Q3 dividends of 3.22 rubles per share.
The total amount of Q3 dividends payable to shareholders is equivalent to 124% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period.
The date upon which the shareholders entitled to Q3 dividends will be determined was set as January 9, 2020.
NLMK’s Extraordinary General Meeting of Shareholders approved new revisions of NLMK’s corporate documents (Regulations on NLMK’s General Shareholders’ Meeting, Regulations on NLMK’s Board of Directors) to bring them in compliance with legislative changes, as well as to confirm NLMK Group’s commitment to the Sustainable Development Goals as set out by the UN Global Compact, and to reflect the role the Board of Directors plays in the company’s sustainable development. (NLMK/Ukrainian metal)