NLMK Board of Directors recommends not paying dividends for 2022 – Kommersant
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The Board of Directors of Novolipetsk Iron and Steel Works (NLMK) recommended not to pay dividends for 2022. He gave this recommendation to the annual general meeting of shareholders (AGMS). The annual meeting of shareholders will be held on June 30 in absentia.
“Recommend to the AGM not to distribute NLMK’s profit based on the results of 2022, not to pay dividends,” the statement reads. decision Board of Directors, published today, May 29, by the Center for Corporate Information Disclosure.
Public Joint Stock Company NLMK is part of the NLMK Group (an international steel company with assets in Russia, the USA and Europe).
3 February 2022 Group Board of Directors recommended approve dividends for the fourth quarter of 2021 in the amount of RUB 12.18. per share. In June, the Board of Directors of NLMK recommended not distribute dividends for the last two quarters. In January 2023, NLMK shareholders not approved payment of dividends for nine months of 2022 during an extraordinary general meeting. The board of directors offered dividends in the amount of 2.6 rubles. per share.
In 2021, Russian metallurgists were among the top 5 suppliers in Europe. The volume of Russian deliveries amounted to 3.7 million tons of steel. According to the Eurofer association for 11 months of 2022, Russia reduced steel shipments to the EU by 68%.
Steel production in Russia in 2022 decreased by 7% to 71.5 million tons.
Read more in the publication of the application “Metallurgy” “Strategy for the Decade”.
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