NLMK Group (LSE: NLMK, MOEX: NLMK), a vertically integrated steelmaker, has published today its Q1 2019 financial results.
At the Annual General Shareholders’ Meeting (AGM) held on 19 April 2019, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine).
At the Annual General Shareholders’ Meeting (AGM) held on 19 April 2019, NLMK shareholders approved the payment of FY2018 dividends of 22.81 rubles per share, or 102% of the Company’s free cash flow according to NLMK Group’s consolidated statements
International rating agency Fitch has upgraded NLMK Group’s long-term credit rating from BBB- to BBB (both are investment grade). The outlook remained stable.