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Novolipetsk Steel

September 27, 2018

NLMK Group and SOGEPA equalize their holdings in NLMK Belgium Holdings SA

In line with the intention of the shareholders of NLMK Belgium Holdings SA (NBH), NLMK Group has decreased its holdings in NBH through the sale of its 2% stake to THN, an NBH-affiliated company. 

These shares will be available for conversion into treasury shares for potential distribution in the context of long-term incentive program linked to the Group¡¯s new strategic cycle.

Via this transaction, the respective holdings of NLMK Group and SOGEPA (Soci¨¦t¨¦ Wallonne de Gestion et de Participations S.A.) have been equalized to 49% each.

The transaction has no influence on the board composition or governance of NBH and does not influence corporate support or guarantees provided by the existing shareholders of the company.

For reference

NLMK Group initiated its European assets optimization programme in 2008. In 2013, SOGEPA acquired a 20.5% stake in NLMK Belgium Holdings S.A., as well as the right to participate in the governance of NBH and its subsidiaries, including joint decision-making with NLMK Group on key issues. In March 2015, SOGEPA increased the stake to 49%.

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 windmills.

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 H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31§ç. 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.

The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards ¨C Steel in 2016, and awarded it the CEO of the Year in 2018.

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




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