NLMK BoD recommends dividends for Q1 2019

Press release

23 April 2019

NLMK Board of Directors recommends dividends for Q1 2019

At a meeting held on 19 April 2019, NLMK Group's Board of Directors recommended the Company's shareholders to approve payment of Q1'19 dividends of RUB 7.34 per share at the Extraordinary General Shareholder Meeting (EGM) which will be held on 7 June 2019.

NLMK Group's Board of Directors recommended NLMK shareholders approve Q1'19 dividends ofRUB 7.34 per share. Q1'19 dividend yield* will total 18%.

NLMK Board of Directors also recommended that the shareholders set the date upon which the shareholders entitled to Q1'19 dividends will be determined as 19 June 2019.

The list of persons entitled to participate at the EGM will be compiled as of 13 May 2019.

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* Dividend yield is calculated as the sum of dividends for the period converted at the exchange rate at the end of the reporting period, annualized by multiplying the amount for the quarter by 4 and divided by the total market capitalization of the company on the last day of the relevant period. 

For more information about NLMK Group's dividend policy, please visit NLMK's website

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group's steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.

NLMK operates production facilities in Russia, Europe and the United States. The Company's steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody's, Fitch and RAEX (Expert RA).

NLMK's ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded 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 RUB1. For more details on NLMK shareholder capital please follow the link.

For more information on NLMK Group, please visit our website.