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PAO Severstal

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DGAP-UK-Regulatory News vom 18.10.2018

Dividend recommendation for three months ended 30 September 2018

PAO Severstal (SVST)

18-Oct-2018 / 18:49 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


The Board Recommends Dividend Payment

The Board of Directors of Severstal ("Severstal", "the Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 44.39 roubles per share for the three months ended 30 September 2018.

Approval of the dividend is expected at the Company's EGM, which will be held by absentee voting on 23 November 2018. All Severstal shareholders on the register as at 29 October 2018 are eligible to participate.

In the case that the dividend payments for the first nine months ended 30 September 2018 are approved at the EGM, the record date for this dividend payment will be 4 December 2018.

 

For further information please contact:

 

Investor Relations

Evgeny Belov

T: +7 (495) 926-77-66

[email protected]

 

Public Relations

Anastasia Mishanina

T: +7 (495) 926-77-66

anastasia.mish[email protected]

 

 

 

 

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PАО Severstal is one of the world's leading vertically-integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on RTS and MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $7,848 million and EBITDA of $2,577 million in 2017. Severstal's crude steel production in 2017 reached 11.7 million tonnes. www.severstal.com

 

 




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