DGAP-Regulatory: TMK Announces Board of Directors Decisions

OAO TMK  / Miscellaneous 
 
24.04.2014 14:49 
 
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The issuer is solely responsible for the content of this announcement. 
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April 24, 2014        Press Release 
 
TMK Announces Board of Directors Decisions 
 
TMK's Board of Directors at the meeting on April 24 decided to convene an 
Annual General Meeting of Shareholders (AGM) which will take place on June 
19, 2014 at 12.00 at the following address: Moscow, Malyi Kazenniy per, 56, 
Moscow City Pedagogical University. The record date for the list of 
shareholders eligible to participate in the AGM shall be May 05, 2014. 
 
TMK's Board of Directors approved the following agenda for the AGM: 
 
- approval of the Company's annual report and financial statements, 
including profit and loss statements; 
 
- distribution of the Company's profit for the year 2013; 
 
- election of the Board of Directors; 
 
- election of the Revision Commission; 
 
- approval of the Company's auditor; 
 
- approval of related party transactions. 
 
TMK's Board of Directors has nominated the following candidates to the 
Board of Directors: 
 
Alexander Shiryaev, Alexander Shokhin, Anatoly Chubais, Andrey Kaplunov, 
Bob Foresman, Dmitry Pumpyanskiy, Elena Blagova, Igor Khmelevsky, Mikhail 
Alekseev, Oleg Schegolev, Peter O'Brien, Sergey Papin. 
 
TMK's Board of Directors has recommended the AGM to adopt a resolution to 
pay final dividends for 2013 in the amount of RUB 0.78 per an ordinary 
share of TMK stock. Total dividends will amount to RUB 731,317,153.32 
(approximately USD* 20.5 mln). It is recommended to fix the date on which 
the list of persons entitled to receive dividends is determined - July 07, 
2014 and the completion date for payment of dividends to the nominee 
holders and professional participants of securities market trustees who are 
registered in the shareholder's registry, - July 21, 2014; to the rest of 
the registered shareholders - August 11, 2014. 
 
Taking into account the payment of interim dividends for the first 6 months 
of 2013 in the amount of RUR 975,089,537.76 (approximately USD 29.9 mln), 
overall dividends for 2013 will correspond to 25% of TMK's consolidated net 
income for 2013 as per IRFS, which is in compliance with the Company's 
Dividend policy. 
 
*As of April 24, 2014, the Russian Central Bank exchange rate stood at 
35.6625 RUB/USD. 
 
*** 
 
For further information regarding TMK please visit www.tmk-group.com or 
download the YourTube iPad application from the App Store 
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 
 
TMK on Facebook - https://www.facebook.com/TMKGroupEN 
 
*** 
 
TMK (www.tmk-group.com) 
 
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel 
pipes for the oil and gas industry, operating 28 production sites in the 
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two 
R&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled 
4.3 million tonnes. The largest share of TMK's sales belongs to high margin 
oil country tubular goods (OCTG), shipped to customers in over 80 
countries. TMK delivers its products along with an extensive package of 
services in heat treating, protective coating, premium connections 
threading, warehousing and pipe repairing. 
 
TMK's securities are listed on the London Stock Exchange, the OTCQX 
International Premier trading platform in the U.S. and on the Moscow 
Exchange MICEX-RTS. 
 
TMK's assets structure by division: 
 
 
 
Russian division:            American division: 
Volzhsky Pipe Plant;         12 plants of TMK IPSCO; 
Seversky Tube Works;         OFS International LLC. 
Taganrog Metallurgical       European division: 
Works;                       TMK-ARTROM; 
Sinarsky Pipe Plant;         TMK-RESITA. 
TMK-CPW;                     Middle East Division: 
TMK-Kaztrubprom;             TMK GIPI (Oman); 
TMK-INOX;                    Threading & Mechanical Key Premium LLC (Abu- 
TMK-Premium Service;         Dhabi). 
TMK Oilfield Services. 
 
 
 
 
 
TMK Corporate Communications 
Ilya Zhitomirsky 
Tel: [phone] 
E-mail: [e-mail] 
 
 
 
24.04.2014 EquityStory.RS, LLC's Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Media archive at www.dgap-medientreff.de and www.dgap.de 
 
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Language:           English 
Company:            OAO TMK 
                    40/2a Pokrovka 
                    105062 Moscow 
                    Russia 
Phone:              [phone] 
Fax:                [phone] 
E-mail:             [e-mail] 
Internet:           tmk-group.com 
ISIN:               US87260R2013 
Category Code:      MSC 
TIDM:               TMKS 
Sequence Number:    2007 
Time of Receipt:    Apr 24, 2014 14:48:06 
 
End of Announcement                       EquityStory.RS, LLC News-Service 
 
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April 24, 2014 08:49 ET (12:49 GMT)