TMK to pay 975m RUR worth of dividends to stakeholders in the first half of 2013

September 23, 2013. Pipe Metallurgical Company (TMK) is going to pay its shareholders 975m RUR worth of dividends for the first half of 2013. The company Board of Directors decided on September 19 to call an extraordinary general meeting (voting by correspondence) to consider the issue of payments, the company’s press service reports.

‘The Board of Directors recommended that the EGM vote for paying the interim dividends of 1.04 RUR per one ordinary share with face value of 10 RUR; this totals to 975,089,537.76 RUR; the sum is to be paid off by January 10, 2014,’ the press release says.

The voting ballots can be submitted through November 11, 2013. These should be sent to

Registrator R.O.S.T
PO box 9
18 Stromynka St Bld 13
Moscow 107996

The date as of which the list of eligible voters is good is October 4, 2013.

TMK’s consolidated net profit in the six months of 2013 was estimated at $125m in accordance with the IAS.


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