TMK announces that its shareholders duly approved the resolutions proposed at the Extraordinary General Meeting of Shareholders (EGM), which took place on November 11, 2013, in the form of an absentee voting.
Shareholders voted to approve interim dividends, for the first 6 months of 2013, of RUR 1.04 per share (approximately USD* 0.13 per GDR). A total of RUR 975,089,537.76 (approximately USD* 29.9 mln.) will be paid out as dividend by January 10th 2014.
*As of November 12, 2013, the Russian Central Bank exchange rate stood at 32.6622 RUR/USD.
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 centers 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 the Moscow Exchange MICEX-RTS.