OREANDA-NEWS. TMK, one of the world’s leading oil and gas steel pipe producers, announces that the Board of Directors decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee voting on September 29, 2016.

TMK’s Board of Directors recommended the EGM to approve interim dividends for the first six months of 2016 of RUR 1.94 per share of the nominal value of RUR 10, amounting to a total of RUR 2,004,282,610.04 (approximately USD 31.3 mln). It is recommended to fix October 10, 2016 as the date on which the list of persons entitled to receive dividends is determined.

Payout period for the registered nominal shareholders and trustees, who are professional participants of the stock market, is before October 24, 2016. For other registered shareholders payout period is before November 15.