At a meeting held on 12 August 2016, NLMK Group’s Board of Directors recommended NLMK shareholders approve payment of 2Q’16 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 30 September 2016.

NLMK Group’s Board of Directors recommended NLMK shareholders approve 2Q’16 dividends of RUB 6,473 m, or RUB 1.08 per share, which is equivalent to 55% of NLMK Group’s net profit or 64% of the Company’s free cash flow based on its IFRS consolidated results for 2Q’16.

6M’16 dividends amounted to RUB 13,245 m, which is equivalent to 84% of NLMK Group’s net profit or 47% of the Company’s free cash flow based on its 1H’16 IFRS consolidated results.
Dividend yield* on 2Q’16 dividends will total 7.5%.

The list of persons entitled to participate at the EGM is formed on the basis of the NLMK Shareholder Register as of 5 September 2016.

NLMK Board of Directors has also recommended that the shareholders set the date upon which the shareholders entitled to 2Q’16 dividends will be determined as 12 October 2016.

For more information about NLMK Group’s dividend policy please go to NLMK’s site.

For more information about dividend yield please follow the link.

* Dividend yield is calculated as the sum of dividends for the period, divided by the sum of the company’s market capitalization on the last day of the relevant period, y-o-y.