Metalloinvest announces dividend payment
Moscow, Russia - 30 June 2017 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces that the Company will pay a dividend following its results in the first quarter of 2017.
On the basis of a recommendation from Metalloinvest's Board of Directors, the Company's shareholders took the decision to pay a dividend amounting to RUB 25.1 bn.
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For more information, please contact:
Director of Investor Relations and Corporate Ratings
T: +7 (495) 981-55-55
Metalloinvest is a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel. The Company has the world's second-largest measured iron ore reserve base and is one of the lowest-cost iron ore producers.
Metalloinvest is wholly owned by USM Holdings. Alisher Usmanov is the major beneficiary of USM Holdings (49%), with other major beneficiaries being the companies of Vladimir Skoch (30%) and Farhad Moshiri (10%).
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