NLMK Board of Directors recommended not to pay dividends for 2022
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“To recommend to the Annual General Meeting of Shareholders not to distribute NLMK’s profit based on the results of 2022, not to pay dividends,” the message says. The meeting of shareholders is scheduled for June 30 in absentia.
In December, the company’s shareholders did not approve the payment of dividends for the nine months of 2022 in the amount of 2.6 rubles. per share. “The company assumes that this decision of the shareholders is due to high macroeconomic and geopolitical uncertainty,” – said then in a press release.
At the end of 2021, NLMK also did not pay dividends. The last payment was for the third quarter of 2021.
NLMK exercised the right not to disclose corporate reporting. Like other players from the extractive and commodity sectors, the company did not disclose IFRS financials for 2022 – neither interim nor annual.
December 26, NLMK announced the termination of circulation of depositary receipts. The company said that it had sent appropriate notices to the UK financial regulator and the London Stock Exchange.
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