On September 2, 2018, Severstal PJSC announced the results of voting regarding the issues presented on the agenda of the regular meeting of shareholders.

Based on the results of the regular meeting of shareholders, a decision was made to pay dividends to shareholders at the end of the first half of 2018, the amount of which was 19 rubles 66 kopecks per share.

The list of shareholders to receive dividend payments was compiled as of September 16. 2018.

About company

Public Joint Stock Company Severstal is a company that today ranks second in size among industry enterprises located in Russia.

The company's financial assets are located in several countries around the world. PJSC Severstal consists of two main subordinate enterprises, namely: Severstal Resources and Severstal Russian Steel.

The resource produces iron ore and coking coal. "Russian Steel" is a manufacturer of a finished product. Severstal is a strong competitor, playing a leading role in the financial market among enterprises in the Russian steel industry.

The Severstal group of enterprises includes the Cherepovets Metallurgical Plant. It was in Cherepovets, in February 1959, that the construction of an integrated metallurgical production was completed - the first rolled steel.

The Severstal group of enterprises has large financial resources located in the deposit accounts of Sberbank OJSC. 2015 was a very successful year for the company, net profit amounted to $562 million. USA.

In addition, the company increased its free flow of funds to $1.55 billion. USA. Dividends for 2015 were paid based on the results of each quarter. The cost of dividends according to average indicators amounted to 50% of the enterprise’s net income.

Forecast and news

The level of steel prices in 2018 in Russia will be negatively affected due to dubious growth prospects in the Chinese economy and a decrease in steel consumption in the world as a whole.

In the first months of 2018, steel sales decreased, but already in March the situation radically changed for the better - compared to February 2018, the cost of hot-rolled coil increased by 40 percent.

February 2018, an accident occurred at the Severnaya mine, which belongs to the company. As a result of eliminating the accident, the Company flooded the mine with water until mid-summer 2018.

The question regarding the timing of completion of restoration work at the damaged mine remains open today.

Due to the fact that the situation in the domestic and global sales markets today is established as difficult, Severstal is using all possible strategic moves, focusing on the production efficiency of enterprises, optimizing available investments, and improving the quality of service and the quality of the finished product.

Thus, it is still guaranteed that the company's shareholder value will increase, based on its financial stability.

In general, the beginning of 2018 confirmed the success of Severstal’s use of its own business model and its advantages over similar companies not only in the Russian but also in the world markets.

The company's management was able to successfully apply the advantages of the strategic location of production assets, achieving efficiency by moving sales from the domestic to the foreign market.

This in turn neutralized and reduced the undesirable impact of the lack of demand for the steel product this year in Russia.

In this regard, the Severstal group of enterprises did not lower the EBITDA profitability bar, maintaining one of the highest levels in the industry.

Thanks to the repair of a four-stand cold rolling mill, Severstal was noted in 2018 for increasing its finished product inventories. At the same time, accounts receivable increased as a result of an increase in the share of exports in the sales structure.

The amount of free cash flow for the reporting period was negatively affected by the increase in net capital turnover, coupled with the low level of financial indicators.

The above-mentioned events served as a change and were reflected in the financial performance, comparing them with the last quarter of the year.

Severostal's income rose by 44.0%, EBITDA rose by 92.7%. In addition, EBITDA margin remained at a high level among global steel companies, increasing its indicator by 8.4 percentage points. for the quarter to 33.3%.

Video: Earnings of RUB 12.63 per share

Severstal dividends for 9 months of 2018

The financial stability of the enterprise enabled the Board of Directors of PJSC Severstal to present a decent value of the dividend for the first quarter of the year, which amounted to 8.25 rubles. for one banknote.

Net debt/EBITDA at the end of the first quarter of this year increased to only 0.5x, which did not affect the stable position of Severstal's finances.

The net debt/EBITDA ratio decreased to 0.3x in the second quarter. PJSC Severstal prolonged the search for financial balancing, by maintaining a small amount of debt on the one hand, and concentrating efforts on raising the value of shares to the maximum on the other.

In this connection, the opportunity arose to present dividends in the second quarter in the amount of 19.66 rubles. per share.
PJSC Severstal Dividends for 9 months of 2018

“Regulations on the rules for the transfer of funds” (approved by the Bank of Russia on June 19, 2012 N 383-P) establishes the rules for the transfer of funds by the Bank of Russia and credit institutions.

Read the article.

More details about money transfers from a Beeline phone to a card.

About dividend policy

Dividend policy is, first of all, the LLC's policy in the area of ​​profit realization, which directly determines the order in which the company will pay dividends to shareholders: pay one payment, or by reinvesting profits to generate income with the payment of dividends in a larger amount.

In the fall of 2014, the Board of Directors of PJSC Severstal approved the Regulations on Dividend Policy.

General provisions

The regulations on the dividend policy of PJSC Severstal are drawn up in accordance with the law, the company's Charter, as well as internal documentation.

Principles and Goals

According to the “Regulations,” Severstal assumes responsibility and issues dividends annually, and, if possible, pays them intermediately throughout the year.

Jumps in the size of payments depend on the amount of net income and the power of financial turnover in the enterprise.

Basic provisions

What are dividends? Dividends are considered to be a part of the company's net income, which is subject to subsequent distribution proportionally among shareholders depending on the number of their securities available. Decisions are made regarding dividend payments on all types of shares.

An appropriate decision is made to refuse dividend payments. The company pays declared dividends without fail and is responsible to the persons who have such rights. If this clause is violated, Russian legislation provides for the payment of only dividends that have been declared.

Conditions and grounds for payment

Severstal intends to recommend dividends whose average value is 50% of the net income of the Severstal group of enterprises.

According to the data specified in the financial report of Severstal, for a certain reporting period and with the condition that the calculation of the coefficient according to the company’s reports will be less than 1.0x.

And also on the condition that if the net debt/EBITDA ratio increases to 1.0x, Severstal changes its dividend policy with the possible payment of dividends. Where their average amount will correspond to 25% of the amount of net income that is indicated in the statements of a group of enterprises for a certain period, until the net debt/EBITDA ratio reaches 1.0x or less.

Given the reduction in the level of capital expenditure requirements, in the long term the company intends to achieve an increase in the amount of dividend payments.

The procedure for making a decision on payment

The issue of payment of dividends is resolved at a meeting of shareholders in accordance with the requirements of the Law of the Russian Federation “On Joint-Stock Companies”.

This document fixes the amount of dividend payments in accordance with the categories and types of shares, forms and procedures of payment, and terms. The company offers a list of persons who are entitled to receive a share of the company's profits.

Sizing

The issue of paying dividends for 1 quarter, half a year and nine months is being resolved, after the end of the corresponding period.

List of persons eligible to receive The right to receive these payments is vested in all shareholders who are included in the register on a certain date of approval of the list of persons entitled to payments. The specified list is written on a certain date in accordance with the law.

Payment procedure and terms

Declared dividends are paid in cash equivalent, except in situations where the general meeting of shareholders decides to pay dividends in a non-financial form.

The timing of payment of dividends is carried out in accordance with the laws of Russia. Dividends are paid on any day throughout the entire period of their payment.

Informing shareholders

The company informs shareholders about the amount of interim payments, the time and procedure for payment options that are determined by the company's charter to notify shareholders of the convening of the next meeting. It must also inform shareholders about the amount of annual dividends and the procedure for their payment.

When holding meetings, voting results and decisions, if possible, are spoken at the meeting during which voting took place or told to shareholders after closing in the options that are established by the charter for reporting to shareholders about the meeting no later than 45 days from the date of signing the minutes of the commission.

Final provisions

The regulations on the dividend policy are subject to change by adoption of an appropriate decision by the Board of Directors. If the provisions of this Regulation violate the requirements of current legislation, the general rules and laws of the country apply.

A dividend is a share of net income, which is distributed among shareholders in proportion to the shares they own.

Severstal ranks second in size in the steel industry in the Russian Federation, having large financial resources located in the deposit accounts of Sberbank OJSC.

Cooperation with Severstal could be a profitable investment, given the level of its financial stability in 2018.

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2008-06-05T12:36Z

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RIA News

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The meeting of Severstal shareholders decided to pay dividends in shares of subsidiaries. As RIA Novosti was informed by the company's press service, as dividends per ordinary share, the company's shareholders will receive one ordinary share of Severstal-Auto OJSC and Severstal-Resource OJSC. In addition, at the meeting of the company's shareholders, the company's annual report and financial statements were approved, changes were made to the company's Charter, a new composition of the board of directors and audit commission was elected, and an audit company was approved. At the first meeting of the company's board of directors after the shareholders' meeting, Alexey Mordashov, who previously held the post of general director of the company, was elected chairman of the board of directors. Anatoly Kruchinin, who previously held the position of executive director of OJSC Severstal, was elected general director of Severstal. The Severstal-Auto and Severstal-Resource companies were registered in March 2002 as part of the restructuring...

St. PETERSBURG, June 21. /Corr. RIA Novosti Vyacheslav Kalashnikov/. The meeting of Severstal shareholders decided to pay dividends in shares of subsidiaries.

As RIA Novosti was informed by the company's press service, as dividends per ordinary share, the company's shareholders will receive one ordinary share of Severstal-Auto OJSC and Severstal-Resource OJSC.

In addition, at the meeting of the company's shareholders, the company's annual report and financial statements were approved, changes were made to the company's Charter, a new composition of the board of directors and audit commission was elected, and an audit company was approved.

At the first meeting of the company's board of directors after the shareholders' meeting, Alexey Mordashov, who previously held the post of general director of the company, was elected chairman of the board of directors. Anatoly Kruchinin, who previously held the position of executive director of OJSC Severstal, was elected general director of Severstal.

The Severstal-Auto and Severstal-Resource companies were registered in March 2002 as part of the restructuring of the group's assets and are management companies of the enterprises of the automotive and raw materials divisions of the Severstal group of companies.

As the press service reported, the total number of shares of Severstal OJSC is 22 million 74 thousand 192 shares, the authorized capital of the company is estimated at 5 million 518 thousand 548 rubles. The main shareholders of OAO Severstal are: ZAO Severstal-Garant /43.72 percent of shares/, ZAO Severstal-Invest /20.84 percent of shares/ and Alexey Mordashov /16.63 percent of shares/.

LLC VTB Capital Broker (VTBC Broker), License of a professional participant in the securities market for brokerage activities No. 045-12014-100000, issued: February 10, 2009, License of a professional participant in the securities market for dealer activities No. 045-12021-010000 , issued: February 10, 2009, License of a professional participant in the securities market to carry out depository activities No. 045-12027-000100, issued: February 10, 2009

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