Severstal - ao — AGM Information 2014

Apr 30, 2014

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RNS Number : 8380F

OAO Severstal

30 April 2014

Agenda for the Annual General Meeting ("AGM") and recommended Q1 2014 dividend payment

Moscow, Russia - April 30, 2014 ОАОSeverstal ("Severstal") (LSE: SVST; MICEX-RTS: CHMF), one of the world's leading vertically integrated steel and steel-related mining companies, announces that its Board of Directors has approved the following agenda for the AGM to be held in Cherepovets, Russia on 11 June 2014:

- Election of the members of the Board of Directors of Severstal with the following list of candidates:

1. Martin Angle,

2. Alun Bowen,

3. Christopher Clark,

4. Philip Dayer,

5. Alexey Kulichenko,

6. Vadim Larin,

7. Vladimir Lukin,

8. Alexey Mordashov,

9. Mikhail Noskov,

10. Rolf Stomberg.

- Approval of the annual report annual accounting statements, including income statement report for 2013

- Distribution of profits for the year ended 31 December 2013 and dividend payments for FY 2013

- Dividend payments for Q1 2014

- Election of the members of the Internal Audit Commission

- Approval of the auditor for Severstal

- Approval of a new edition of the Charter of Severstal

- Approval of changes to the Board of Directors' remuneration

As announced on 25 February 2014, Severstal's AGM will be held from 12.00pm (MT) on 11 June 2014 (with registration from 11.00am) at 41 Metallurgists Palace, Stalevarov Street, Cherepovets, Vologda Region, Russia. The record date for participation in the AGM was 24 April 2014.

The Board of Directors is also recommending a dividend of 2.43 rubles (approximately $0.07) per share for the three months to 31 March 2014.

On 25 February 2014 the Board recommended a dividend of 3.83 rubles (approximately $0.11) per share for the twelve months to 31 December 2013.

If both dividend payments are approved at the AGM, the record date for both will be 23 June 2014.

Enquiries: 

Severstal Investor Relations

Vladimir Zaluzhsky

T: +7 495 926 7766

Severstal Public Relations

Elena Kovaleva

T: +7 (495) 926-77-66

Hudson Sandler (Financial Communications Adviser)

Andrew Hayes / Maria Ignatova / Alex Brennan

T: +44 (0) 20 7796 4133 

ОАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, the USA, Ukraine, Latvia, Poland, Italy and Liberia. Severstal is listed on MICEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $13,312 million and EBITDA of $2,063 million in 2013. Severstal's crude steel production in 2013 reached 15.7 million tonnes. www.severstal.com

This information is provided by RNS

The company news service from the London Stock Exchange

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