the Board of Directors of NLMK Group at its meeting on 24 October 2019 has recommended that the shareholders approve the dividends for the 3rd quarter of 2019 in the amount of the ruble 3.22 per share at the extraordinary General meeting of shareholders which will be held on December 20, 2019.
the Board of Directors recommended shareholders to approve dividends for the 3rd quarter of 2019 in the amount of the ruble 3.22 per share, equivalent to about 120% of free cash flow NLMK Group Q3 2019 according to the consolidated financial statements prepared in accordance with IFRS.
recommended to the Shareholders the record date for determination of persons entitled to dividends for the 3rd quarter of 2019 year 9 Jan 2020.
date will be determined (fixed) the persons entitled to participate in the extraordinary General meeting of shareholders is November 25, 2019.
For information:
Previously, 27 Sep 2019 decision of the extraordinary General meeting of shareholders approved the dividends for the 2nd quarter of 2019 in the amount of 3.68 ruble per share.
the Total dividend amount for the 1st and 2nd quarter of 2019 amounted to 11.02 ruble per share.
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More with the dividend policy of NLMK Group can be found on the website.
about the company
NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.
NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.
the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.
NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for the year 2018 amounted to $ 12 billion, EBITDA – $ 3.6 billion. The ratio of Net Debt/EBITDA of 0.25 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and RAEX (Expert RA).
Ordinary shares of JSC "NLMK", the free float is 19%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble.
read More of stockholders ' equity NLMK can be found at the link.
Download photos and corporate video NLMK Group in Mediobanca the link.
