held 24 April 2020 the annual General meeting of the shareholders of JSC "NLMK"
not recommended previously approved by the Board of Directors the amount of dividends for the 4th quarter of 2019 and proposed to reduce it by half.
the Board of Directors of NLMK Group at its meeting on 24 April 2020 decided to convene may 29, 2020 at an extraordinary meeting of shareholders in absentia and submitted to the shareholders an updated recommendation on the payment of dividends for the 4th quarter of 2019 in the amount of 3.12 ruble per share.
recommended to the Shareholders the record date for determination of persons entitled to dividends for the 4th quarter of 2019 year 9 Jun 2020. Date for determination of persons entitled to participate in the extraordinary General meeting of shareholders – may 5, 2020.
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.
Ordinary shares of JSC "NLMK", free float which is 18.6%, 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 on the link.
