OREANDA-NEWS. TMK, one of the world's leading oil and gas steel pipe producers, today announces that its Board of Directors has decided to convene an Extraordinary General Meeting of Shareholders (EGM) in the form of an absentee voting on December 25, 2014.

The record date for the list of shareholders eligible to participate in the EGM is November 12, 2014.

TMK's Board of Directors has recommended that shareholders approve interim dividends for the first six months of 2014 in total of RUR 393,786,159.48 (approximately USD 9.07 mln.*). Dividends will be paid proportionally to a quantity of shares owned by a shareholder.

It is recommended to fix the date on which the list of persons entitled to receive dividends is determined - January 12, 2015.

Consolidated IFRS net income for the first six months of 2014 was USD 45 million.

*As of October 31, 2014, the Russian Central Bank exchange rate stood at 43.3943 RUB/USD.