Source - RNS
RNS Number : 0400H
Novolipetsk Steel
02 June 2017
 

Press release

2 June 2017

NLMK SHAREHOLDERS APPROVE DIVIDENDS FOR FY2016 AND Q1 2017

The NLMK Group Annual General Meeting was held in Lipetsk on 2 June 2017. NLMK shareholders approved the payment of dividends for FY2016 in the amount of 9.22 rubles per ordinary share. Taking into account the interim dividends paid for 9M 2016 in the amount of 5.84 rubles per ordinary share, the amount outstanding to be paid in dividends for Q4 2016 is 3.38 rubles per ordinary share. Shareholders also approved the payment of dividends for Q1 2017 in the amount of 2.35 rubles per ordinary share.

The date upon which the shareholders entitled to receive dividends for Q4 2016 and Q1 2017 will be determined was set as 14 June 2017.

 

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world. NLMK's metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines.

NLMK's production assets are located in Russia, Europe, and the United States. The Company's liquid steel production capacity is over 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the sector. In 12M 2016, the Company generated $7.636 billion in revenue and $1.941 billion in EBITDA. As of 31 December 2016, Net debt/EBITDA stood at 0.36х. The company has an investment grade credit rating from S&P and Fitch.

NLMK free-float is 16%, its ordinary shares are traded on the Moscow Stock Exchange (MICEX-RTS, ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI). For more information on shareholder structure, please follow the link. 

In 2016, NLMK Group received Steel Industry Leadership Award from S&P Global Platts, a global analytical agency.

 

 

For more information on NLMK Group, please visit www.nlmk.com/en

 

 

 

Media contact info:

Sergey Babichenko

+7 (916) 824 6743

[email protected]

Investor Relations contact info:

Sergey Takhiev

+7 (495) 544 5429

[email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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