MMK Board of Directors Recommends to Pay Dividends for H1 2015
OREANDA-NEWS. The Board of Directors at OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") on 18 August 2015 passed a resolution to call an Extraordinary General Shareholders' Meeting ("the EGM") to vote in absentia on the payment of dividends for Company shares based on the OJSC MMK results for H1 2015. The cut-off date for the acceptance of voting papers is the end of the business day on 28 September 2015.
The cut-off date and time for the list of shareholders eligible to participate in the meeting is set for the end of business day on 28 September 2015.
The Board of Directors has recommended shareholders at the EGM to approve a dividend for the first six months of 2015 of 0.58 rubles per common share (before taxes), and has recommended that the EGM set the cut-off date for eligibility to receive the dividend as the end of the business day on 9 October 2015.