OREANDA-NEWS. TMK announces that its shareholders duly approved the resolutions proposed at the Extraordinary General Meeting of Shareholders (EGM), which took place on October 12, 2015, in the form of an absentee voting.

Shareholders voted to approve interim dividends for the first six months of 2015 of RUR 2.42 per share of the nominal value of RUR 10, amounting to a total of RUR 2,400,415,569.20 (approximately USD 39.2 mln*).

The date on which the list of persons entitled to receive dividends is October 23, 2015.

Payout period for the registered shareholders and trustees, who are professional participants of the stock market, is before November 9, 2015. For other registered shareholders payout period is before November 30.

Shareholders also approved related-party transactions.

Consolidated IFRS net profit for the first six months of 2015 was $77 million.

*As of October 12, 2015, the Russian Central Bank exchange rate stood at 61,2967 RUB/USD.