News

17 January 2018

NLMK shareholders to elect new President

At a meeting held on the 16 th of January, directors of NLMK Group (LSE: NLMK), an international steel company, resolved to convene an Extraordinary Shareholder Meeting on the 12th of March 2018, with the following agenda:

Election of a new President (CEO) and Chairman of the Management Board.

The EGM will be held by absentee ballot. The date upon which the shareholders entitled to participate in the EGM will be determined was set as 29th of January 2018.

NLMK shareholders holding in aggregate at least two percent of the Company's voting shares have the right to put forward candidates for the position of NLMK President until the 12th of February 2018.

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 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has investment grade credit ratings from S&P and Fitch.

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.

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.

For more information on NLMK Group, please visit our website

NLMK Group’s photos and videos are available for downloading from our mediabank at https://media.nlmk.com/en/