24th Apr 2014 14:49
OAO TMK / Miscellaneous 24.04.2014 14:49 Dissemination of a Regulatory Announcement, transmitted byEquityStory.RS, LLC - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.--------------------------------------------------------------------------- April 24, 2014 Press Release TMK Announces Board of Directors Decisions TMK's Board of Directors at the meeting on April 24 decided to convene anAnnual General Meeting of Shareholders (AGM) which will take place on June19, 2014 at 12.00 at the following address: Moscow, Malyi Kazenniy per, 56,Moscow City Pedagogical University. The record date for the list ofshareholders eligible to participate in the AGM shall be May 05, 2014. TMK's Board of Directors approved the following agenda for the AGM: - approval of the Company's annual report and financial statements,including profit and loss statements; - distribution of the Company's profit for the year 2013; - election of the Board of Directors; - election of the Revision Commission; - approval of the Company's auditor; - approval of related party transactions. TMK's Board of Directors has nominated the following candidates to theBoard of Directors: Alexander Shiryaev, Alexander Shokhin, Anatoly Chubais, Andrey Kaplunov,Bob Foresman, Dmitry Pumpyanskiy, Elena Blagova, Igor Khmelevsky, MikhailAlekseev, Oleg Schegolev, Peter O'Brien, Sergey Papin. TMK's Board of Directors has recommended the AGM to adopt a resolution topay final dividends for 2013 in the amount of RUB 0.78 per an ordinaryshare of TMK stock. Total dividends will amount to RUB 731,317,153.32(approximately USD* 20.5 mln). It is recommended to fix the date on whichthe list of persons entitled to receive dividends is determined - July 07,2014 and the completion date for payment of dividends to the nomineeholders and professional participants of securities market trustees who areregistered in the shareholder's registry, - July 21, 2014; to the rest ofthe registered shareholders - August 11, 2014. Taking into account the payment of interim dividends for the first 6 monthsof 2013 in the amount of RUR 975,089,537.76 (approximately USD 29.9 mln),overall dividends for 2013 will correspond to 25% of TMK's consolidated netincome for 2013 as per IRFS, which is in compliance with the Company'sDividend policy. *As of April 24, 2014, the Russian Central Bank exchange rate stood at35.6625 RUB/USD. *** For further information regarding TMK please visit www.tmk-group.com ordownload the YourTube iPad application from the App Storehttps://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 TMK on Facebook - https://www.facebook.com/TMKGroupEN *** TMK (www.tmk-group.com) TMK (LSE: TMKS) is a leading global manufacturer and supplier of steelpipes for the oil and gas industry, operating 28 production sites in theUnited States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and twoR&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled4.3 million tonnes. The largest share of TMK's sales belongs to high marginoil country tubular goods (OCTG), shipped to customers in over 80countries. TMK delivers its products along with an extensive package ofservices in heat treating, protective coating, premium connectionsthreading, warehousing and pipe repairing. TMK's securities are listed on the London Stock Exchange, the OTCQXInternational Premier trading platform in the U.S. and on the MoscowExchange MICEX-RTS. TMK's assets structure by division: Russian division: American division:Volzhsky Pipe Plant; 12 plants of TMK IPSCO;Seversky Tube Works; OFS International LLC.Taganrog Metallurgical European division:Works; TMK-ARTROM;Sinarsky Pipe Plant; TMK-RESITA.TMK-CPW; Middle East Division:TMK-Kaztrubprom; TMK GIPI (Oman);TMK-INOX; Threading & Mechanical Key Premium LLC (Abu-TMK-Premium Service; Dhabi).TMK Oilfield Services. TMK Corporate Communications Ilya ZhitomirskyTel: +7 (495) 775-7600E-mail: [email protected] 24.04.2014 EquityStory.RS, LLC's Distribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: EnglishCompany: OAO TMK 40/2a Pokrovka 105062 Moscow RussiaPhone: +7 495 775-7600Fax: +7 495 775-7601E-mail: [email protected]: tmk-group.comISIN: US87260R2013Category Code: MSCTIDM: TMKSSequence Number: 2007Time of Receipt: Apr 24, 2014 14:48:06 End of Announcement EquityStory.RS, LLC News-Service ---------------------------------------------------------------------------UK-Regulatory-announcement transmitted by DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.
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