3 March 2016

NLMK Board of Directors votes to hold Annual General Shareholders' Meeting on 3 June 20163 March 2016 NLMK Board of Directors votes to hold Annual General Shareholders' Meeting on 3 June 2016


At a meeting directors of NLMK Group resolved to convene the Annual General Shareholders’ Meeting on 3 June 2016. 

The Board announced candidates to the NLMK Board of Directors; and suggested the shareholders re-elect Mr. Oleg Bagrin as President (CEO) of the company. 

NLMK shareholders nominated eight existing members of the Board, including four independent members, that were approved as candidates to be voted on at the Annual Shareholders’ Meeting: 

·         Mr. Oleg Bagrin, NLMK Group CEO 

·         Mr. Helmut Wieser (independent Board member) 

·         Mr. Nikolai Gagarin 

·         Mr. Vladimir Lisin, Chairman of the Board of Directors 

·         Mr. Karen Sarkisov 

·         Mr. Stanislav Shekshnya (independent Board member) 

·         Mr. Benedict Sciortino (independent Board member) 

·         Mr. Franz Struzl (independent Board member) 

The Board also suggested the shareholders elect an Internal Audit Committee of 5 members. 

The list of persons entitled to participate at the AGM will be prepared on the basis of the NLMK Shareholder Register as of 15 April 2016. 

The AGM agenda will be approved by the Board and published later. 

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.  NLMK’s metal products are used in various industries, from construction and engineering to the manufacture of power-generating equipment and offshore wind turbines. 

NLMK's production assets are located in Russia, Europe, and the United States. The Company’s liquid steel production capacity is over 17 million tonnes per year, of which about 16 million tonnes are produced in Russia. 

NLMK has the most competitive cash cost among global manufacturers; and one of the highest profitability levels in the sector. The company generated $6.37 billion in revenue; $1.63 billion in EBITDA; and a net profit of $891 million in 9M 2015. Net Debt/EBITDA is 0.5. The company has a BBB- credit rating. 

NLMK’s ordinary shares are traded on the Moscow Stock Exchange (ticker symbol: NLMK), and its global depositary shares are traded on the London Stock Exchange (ticker symbol: NLMK:LI). 

For more information about NLMK Group, please visit www.nlmk.com