EquityStory.RS, LLC-News: PAO TMK / Key word(s): Miscellaneous
TMK Announces Board of Directors Decisions
2016-08-26 / 08:50
The issuer is solely responsible for the content of this announcement.
*August 26, 2016 PRESS RELEASE*
*TMK Announces Board of Directors Decisions*
TMK, one of the world's leading oil and gas steel pipe producers, announces
that the Board of Directors decided to convene an Extraordinary General
Meeting of Shareholders (EGM) in the form of an absentee voting on September
29, 2016.
The record date for the list of shareholders eligible to participate in the
EGM is September 2, 2016.
TMK's Board of Directors recommended the EGM to approve interim dividends
for the first six months of 2016 of RUR 1.94 per share of the nominal value
of RUR 10, amounting to a total of RUR 2,004,282,610.04 (approximately USD
31.3 mln*). It is recommended to fix October 10, 2016 as the date on which
the list of persons entitled to receive dividends is determined.
Payout period for the registered nominal shareholders and trustees, who are
professional participants of the stock market, is before October 24, 2016.
For other registered shareholders payout period is before November 15.
Consolidated IFRS net profit for the first six months of 2016 was $71
million.
*As of August 22, 2016, the Russian Central Bank exchange rate stood at
63,9391 RUB/USD.
*****
*For further information regarding TMK, please, visit *www.tmk-group.com [1]
*as well as download the YourTube iPad application from the App Store
*https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 [2]
*TMK on Facebook - *https://www.facebook.com/TMKGroupEN [3]
*****
*TMK (www.tmk-group.com) *
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipe
for oil and gas industry, operating more than 30 production sites in the
United States, Russia, Canada, Romania, Oman and Kazakhstan and two R&D
centers in Russia and the USA. In 2015, TMK's pipe shipments totaled 3.9
million metric tons. 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 Works; TMK Completions.
Sinarsky Pipe Plant; European division:
TMK-CPW; TMK-ARTROM;
TMK-Kaztrubprom; TMK-RESITA.
TMK-INOX; Middle East Division:
TMK-Premium Service; TMK GIPI (Oman).
TMK Oilfield Services;
TMK CHERMET.
TMK Corporate Communications
Alexander Goryunov
Tel: +7 (495) 775-7600
E-mail: pr@tmk-group.com
2016-08-26 Dissemination of a Corporate News, transmitted by EquityStory.RS,
LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: PAO TMK
40/2a Pokrovka
105062 Moscow
Russia
Phone: +7 495 775-7600
Fax: +7 495 775-7601
E-mail: tmk@tmk-group.com
Internet: tmk-group.com
ISIN: US87260R2013, RU000A0B6NK6
End of News EquityStory.RS, LLC News Service
496133 2016-08-26
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(END) Dow Jones Newswires
August 26, 2016 02:50 ET (06:50 GMT)
