DGAP-News: TMK Announces Board of Directors Decisions
(firmenpresse) - EquityStory.RS, LLC-News: OAO TMK / Key word(s): Miscellaneous
TMK Announces Board of Directors Decisions
16.05.2013 / 15:12
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May 16, 2013 Press Release
TMK Announces Board of Directors Decisions
TMK, one of the world's leading oil and gas steel pipe producers, announces
that its Board of Directors has decided to convene an Annual General
Meeting of Shareholders (AGM) on June 25, 2013 in Moscow.
TMK's Board of Directors approved the following agenda for the AGM:
- approval of the Company's annual report and financial statements,
including profit and loss statements;
- distribution of the Company's profit for the year 2012;
- election of the Board of Directors;
- election of the Revision Commission;
- approval of the Company's auditor;
- approval of related party transactions.
TMK's Board of Directors has nominated the following candidates to the
Board of Directors: Dmitry Pumpyanskiy, Alexander Shiryaev, Andrey
Kaplunov, Sergey Papin, Igor Khmelevsky, Mikhail Alekseev, Alexander
Shokhin, Bob Foresman, Peter O'Brien, Elena Blagova, Oleg Schegolev.
TMK's Board of Directors has also recommended that the AGM adopt a
resolution to pay dividends for 2012 in the amount of RUB 0.84 per ordinary
share of TMK stock. Total dividends will amount to RUB 787,572,318.96
(approximately USD* 25.1 mln) and will be paid out by August 23, 2013.
Taking into account the payment of interim dividends for the first 6 months
of 2012 in the amount of RUR 1,406,379,141 (approximately USD 44.8 mln),
overall dividends for 2012 will correspond to 25% of TMK's net income for
2012, which is in compliance with the Company's Dividend policy.
*As of May 16, 2013, the Russian Central Bank exchange rate stood at
31.4281 RUB/USD.
***
For further information regarding TMK please visit www.tmk-group.com or
download the YourTube iPad application from the App Store
https://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1
***
TMK (www.tmk-group.com)
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipes for the oil and gas industry, operating 28 production sites in the
United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two
R&D centres in Russia and the USA. In 2012, TMK's pipe shipments totaled
4.22 million tonnes. The largest share of TMK's sales belongs to high
margin oil country tubular goods (OCTG), shipped to customers in over 80
countries. TMK delivers its products along with an extensive package of
services in heat treating, protective coating, premium connections
threading, warehousing and pipe repairing.
TMK's securities are listed on the London Stock Exchange, the OTCQX
International Premier trading platform in the U.S. and on Russia's major
stock exchange - MICEX-RTS.
TMK Corporate Communications
Ilya Zhitomirsky
Tel: +7 (495) 775-7600
E-mail: pr(at)tmk-group.com
End of Corporate News
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Language: English
Company: OAO TMK
40/2a Pokrovka
105062 Moscow
Russia
Phone: +7 495 775-7600
Fax: +7 495 775-7601
E-mail: tmk(at)tmk-group.com
Internet: tmk-group.com
ISIN: US87260R2013
End of News EquityStory.RS, LLC News-Service
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