Tuesday, May 22, 2018

TMK shareholders can vote on dividends

Shareholders of Pipe Metallurgical Company (TMK) who could not attend the board of director's meeting last week can vote in absentia on a number of issues.

The issues to be voted on include how transactions should be held with an interested party, the payment of an interim dividend and which standard contract the board should adopt.

The interim dividend payment covers six months of the 2014 fiscal year, which amounts to approximately $9 million.

How the dividends are divided among the shareholders depends on the number of ordinary shares in the company. 

Shareholders eligible to vote will be identified by Nov. 12.

Completed ballots need to be sent to 107996, Moscow, ul. Strominka, d. 18, Bldg 13,/19 of “Registrar ROST" by Dec. 25, with shareholders receiving their dividends by Jan. 12, 2015.

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TMK Group

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