OREANDA-NEWS. September 19, 2008. Novolipetsk Steel (LSE: NLMK), the LSE-listed leading Russian steel producer, today announces the results of voting on the resolution proposed at the Extraordinary General Meeting held on 19 September 2008.

Further to the Dividend Declaration on 1 August 2008, the Board of Directors approved a record date for the half-yearly dividend of 2 August 2008 (00:00).   

NLMK transfers funds for dividend payments on Global Depositary Shares (GDSs) to the depositary bank on 25 November 2008. Depositary bank sets payment date no later than 5 days after receipt of funds. Dividends on GDSs will be paid, by default, in U.S. dollars (USD) based on USD/RUR spot F/X rate on the day of currency conversion by the depositary bank.

Dividends on ordinary shares are paid within three months after the approval at the Extraordinary General Meeting of NLMK.