The Board of Directors recommended that shareholders approve dividends for the 3rd quarter of 2020 in the amount of 6.43 rubles per share at an extraordinary general meeting of shareholders to be held on December 18, 2020. This amount includes a one-time payment in excess of the dividend policy in the amount of RUB 3.21 per share, aimed at compensating for the decrease in dividends for Q4. 2019 by the decision of the Meeting of Shareholders on April 24, 2020.
Shareholders are recommended to set the date on which the persons entitled to receive dividends for the 3rd quarter of 2020 are determined - December 29, 2020. The date on which the persons entitled to participate in the extraordinary general meeting of shareholders are determined is November 23, 2020.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient producers of steel products in the world.
NLMK Group metal products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK's common shares, which have a free-float of 18.6%, are traded on the Moscow Stock Exchange (ticker NLMK), global depository shares - on the London Stock Exchange (ticker "NLMK: LI"). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.
For more information on NLMK's share capital, please follow the link.
