OREANDA-NEWS. The Board of Directors of Severstal (“Severstal”, “the Company”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, is recommending a dividend of 12.81 rubles per share for the first three months to 31 March 2015.

Approval of the dividend is expected at the Company’s AGM which will take place on 25 May 2015 at Steel Matallurgists Palace, Stalevarov street 41, Cherepovets, Vologda Region, Russia. Registration for the AGM will start at 11.00am (MT) with the meeting itself starting at 12.00pm (MT). The record date for participation in the AGM was 13 April 2015.

If the dividend recommendation for the first three months ended 31 March 2015 is approved at the AGM, the record date for this dividend payment will be 5 June 2015.

On a separate note, Board of Directors has also approved some additions to the previously announced Agenda of the AGM to be held in Cherepovets, Russia on 25 May 2015:

  • Approval of a new edition of the Charter of Severstal

The rest of the AGM Agenda contents remains unchanged as it was announced on 10 April 2015.