The Board recommends Dividend payment for 12 months to 31 December 2011 and announces date of Annual General Meeting
The Board of ОАО Severstal (“Severstal”) (LSE: SVST; MICEX-RTS: CHMF), one
of the world’s leading vertically integrated steel and steel related mining
companies, is recommending a dividend of 3.56 rubles (approximately $0.12) per
share for the twelve months to 31 December 2011.
Approval of the dividend is expected at the Company’s AGM which will take
place on 28 June 2012. The record date both for participation in the AGM and
for dividend payments for the 12 months ended 31 December 2011 is 15 May 2012
The Board of Directors agreed that the Company's AGM will be held at 41
Mateallurgists Palace, Stalevarov street, Cherepovets, Vologda Region, Russia.
Registration for the AGM will start at 11.00am (MT). The AGM will start at
12.00pm (MT). The full agenda of the AGM will be approved by the Board and
released in May 2012.