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Novolipetskiy metallurgicheskiy kombinat OAO recommends H1 2014 dividend payment


Wednesday, 13 Aug 2014 06:55am EDT 

Novolipetskiy metallurgicheskiy kombinat OAO:Recommends that the General Shareholders' Meeting approve dividends for H1 2014 on ordinary issued shares in the amount of 0.88 Russian rubles in cash per one ordinary share.The Board of Directors also recommended to set the date on which shareholders entitled to the dividends will be determined for Oct. 11.The total dividend payout will amount to $150 million, or 45 percent of NLMK US GAAP consolidated net profit for H1 2014. 

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