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Novolipetsk Steel PAO (NLMK.MM)

NLMK.MM on Moscow Interbank Currency Exchange

107.14RUB
24 May 2017
Change (% chg)

руб-1.16 (-1.07%)
Prev Close
руб108.30
Open
руб108.45
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руб108.58
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руб106.25
Volume
4,436,710
Avg. Vol
4,488,213
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руб124.78
52-wk Low
руб75.53

Latest Key Developments (Source: Significant Developments)

Russia's NLMK recommends Q1 divs of 2.35 rbls/share
Friday, 28 Apr 2017 03:33am EDT 

April 28 (Reuters) - Russia's NLMK ::Group's board of directors recommended NLMK shareholders approve Q1 dividends of 2.35 roubles ($0.0413) per share..  Full Article

Russia's NLMK says expects higher dividend payments for Q1
Thursday, 27 Apr 2017 10:32am EDT 

April 27 (Reuters) - NLMK says::Given financial position of company, Q1 dividend payments likely to be above policy targets..  Full Article

Russia's NLMK updates on its 2017 strategy execution
Monday, 6 Mar 2017 03:00am EST 

Russian steel producer NLMK says: Presents an update on its strategy 2017 execution; . Over the course of 2014-2016, NLMK's strategy 2017 delivered a structural net EBITDA gain of $547 million per year; . The key objective of strategy 2017, an annual net gain of $1 billion on 2013 EBITDA, remains unchanged; .NLMK is on track to achieve this level by 2018 owing to newly launched capital expenditure (capex) projects and further operational efficiency improvements..  Full Article

Russia's NLMK says recommends Q4 dividend of 3.38 rbls/share
Monday, 6 Mar 2017 02:00am EST 

Russia's NLMK says: Recommends Q4 dividend payment of 3.38 roubles per share; . 2016 accrued dividends amounted to 9.22 roubles per share, which is equivalent to 97 percent of NLMK's net profit, or 83 percent of the company's free cash flow based on its 2016 IFRS consolidated results; . The list of persons entitled to participate at the AGM will be formed on May 8. .The date upon which the shareholders entitled to Q4 dividend was set at June 14..  Full Article

Bookrunner says to sell 90 mln shares in Novolipetsk Steel
Thursday, 8 Dec 2016 11:30am EST 

Bookrunner: Novolipetsk Steel: bookrunner - intention to offer up to 90 million ordinary shares in the form of shares and global depositary receipts in co by way of an accelerated bookbuild . Novolipetsk Steel: bookrunner - the placing shares represent, in aggregate, approximately 1.5 percent of the company’s issued ordinary share capital . Novolipetsk Steel: bookrunner - ownership interest of Fletcher Group in co, after giving effect to the sale, is 84 pct of the issued share capital of the company . Novolipetsk Steel: bookrunner - under the terms of the placing, Fletcher Group has agreed not to dispose of further shares in co for a period of at least 90 days Further company coverage: [NLMK.MM] (Bengaluru Newsroom) ((+91 806 749 1136;)).  Full Article

Russia's NLMK says Q3 crude steel output down 4 pct q/q
Thursday, 13 Oct 2016 04:00am EDT 

Novolipetsk Steel (NLMK) says: Q3 crude steel output was 4.0 million tonnes, down 4 percent quarter-on-quarter and down 1 percent year-on-year; .Q3 sales grew by 7 percent quarter-on-quarter to a record high 4.2 million tonnes (up 2 percent year-on-year)..  Full Article

Russia's NLMK recommends Q2 dividend of 1.08 roubles/share
Friday, 12 Aug 2016 08:45am EDT 

Russia's NLMK says: Its Board of Directors recommended a second-quarter dividend payment of 6.47 billion roubles ($100 million) in total, or 1.08 roubles per share; . The payment is equivalent to 55 percent of NLMK's net profit for the second quarter; .Shareholders to discuss the payment during a meeting on Sept. 30..  Full Article

Russia's NLMK places $700 mln in 7-yr Eurobond at 4.5 pct coupon rate
Wednesday, 15 Jun 2016 10:32am EDT 

Russian steelmaker NLMK says: Places $700 million in 7-year Eurobond at 4.5 percent coupon rate; . Proceeds from the issue will be used to finance the purchase of existing Notes due 2018 and 2019; .Order book indicated a high level of demand from a broad range of international investors, including investors in the European Union, the United States and Russia, as well as various regions in Asia..  Full Article

Russia's NLMK says to repurchase $571 mln of LPNs
Thursday, 9 Jun 2016 08:45am EDT 

Russia's NLMK Group says: Steel Funding Limited, a special purpose vehicle of NLMK, has announced the results of the tender offers made to holders of the $800 million, 4.45 percent loan participation notes (LPNs) due in 2018 and the $500 million, 4.95 percent LPNs due in 2019. . An aggregate of $311.4 million of the 2018 notes and $259.6 million of the 2019 notes were tendered and accepted for purchase. . Following completion of the tender offers, an aggregate of $396.2 million of the 2018 notes and $211.1 million of the 2019 notes will remain outstanding. . The purchase price for the notes was $1,036.25 per U.S. $1,000 in principal amount of the 2018 notes and $1,045.00 per $1,000 in principal amount of the 2019 notes, plus accrued interest. . The purchase of the notes will be financed with the funds received from the net proceeds of the issuance of $700 million, 4.50 percent LPNs due in 2023. .Together with the contemplated issuance of the new notes, this would have the effect of extending the maturity profile of a portion of the NLMK's indebtedness..  Full Article

Moody's confirms Novolipetsk Steel PAO ratings, outlook negative
Tuesday, 26 Apr 2016 11:39am EDT 

Novolipetsk Steel PAO:Moody's says confirms Novolipetsk Steel PAO Ba1 corporate family ratings (CFRs) and Ba1-PD probability of default ratings (PDRs).Outlook is negative.  Full Article

More From Around the Web

CORRECTED-UPDATE 2-Russian steelmaker NLMK's earnings more than double on higher prices, sales

MOSCOW, April 28 Russian steelmaker NLMK's core earnings more than doubled in the first quarter, beating expectations, on higher prices and export sales and an improving domestic economy.