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TMK Announces Board of Directors Decisions

27.04.2018

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors at its meeting on April 26, 2018 decided to hold an Annual General Meeting of Shareholders (AGM) on June 21, 2018. The record date for the list of shareholders eligible to participate in the AGM is May 28, 2018.

TMK's Board of Directors recommended the AGM to approve annual dividends for the full year 2017 of RUB 2.28 per share, amounting to a total of RUB 2,355,548,634.48 (approximately USD 38.1 mln(1)). It is recommended to fix July 2, 2018 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 no later than July 16, 2018. For other registered shareholders payout period is before August 6, 2018.

TMK's Board of Directors nominated the following candidates to the Board of Directors: Alexander Shiryaev, Alexander Shokhin, Anatoly Chubais, Andrey Kaplunov, Alexander Pumpyanskiy, Dmitry Pumpyanskiy, Peter O'Brien, Robert Foresman, Sergey Kravchenko, Sergey Papin, Yaroslav Kuzminov.

(1) As of April 26, 2018, the Russian Central Bank exchange rate was at 61,7494 RUB/USD.

TMK Announces Board of Directors Decisions



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