TMK BOD To Pay Shareholders Dividend

UrBC, Yekaterinburg, August 29, 2016. Pipe Metallurgical Company (TMK) Board of Directors called for an absentee-vote extraordinary shareholder meeting in order to decide on the payment of a dividend for the first half of the year, TMK press service reports.

‘Ballots can be submitted through September 29, 2016. The mailing address is
AO Registrator R.O.S.T
PO Box 9
18 Stromynka St Bldg 13
Moscow 107996

The list of eligible voters is based on data valid as of September 2, 2016,’ the company press service says.

The Board of Directors recommends voting in favor of paying a dividend for the first six months of 2016 (1.94 RUR per ordinary share (face value 10 RUR)). The overall payments will thus amount to 2,004,282,610.04 RUR.

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