Severstal announces pro rata (proportional) ratio for the repurchase of 170 million Severstal shares
OAO Severstal ("Severstal", the "Company") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies announces the pro rata (proportional) ratio for the public offer for repurchase of 170 million Severstal shares (the "Offer").
During the period of the Offer (from 21 May 2012 to 19 June 2012) Severstal shareholders submitted the application forms for 864,789,474 Severstal shares.
Pro rata (proportional) ratio is equal to 0,1965796360 calculated as 170 million Severstal shares divided by the number of shares in respect of which application forms were submitted.
To complete the procedure of repurchase of shares Severstal shareholders participating in the Offer should transfer their shares (taking into account the pro ration and other Offer conditions) to the personal account of Severstal in accordance with the terms of the Offer. Such transfers may be made during the period from 25 June 2012 up to and including 4 July 2012. Severstal will pay for the shares within 15 days of the date that all shares to be purchased under the Offer from a shareholder have been credited to the personal account of Severstal (the last date for which such transfers is 4 July 2012).
Contacts for shareholders:
Centers for shareholders:
Moscow,Trubnaya street 21, entrance 3, 3 floor, 8−495−961−24−82.
ZAO Invest Telecom
Contacts for GDR holders
Deutsche Bank Trust Company Americas
Ms. Beverly George
Телефон: +1 (212) 250−1504.