OREANDA-NEWS. May 24, 2007.  A Meeting of the Board of Directors of ОАО “ТМК”, one of the world’s largest oil and gas pipe producers and Russian pipe industry market leader, was held in Moscow on the 21st of May.

The Board of Directors made a decision to approve the agenda of the General Meeting of Shareholders, and set the holding date to the 27th of June, approved TMK Group IFRS consolidated results for the year ended 2006, and recommended the General Meeting of TMK Shareholders to take decision on payment of annual dividends, based on 2006 Company results, in the amount of 4 roubles 30 kopecks per one equity.