How does PAO Severstal inform shareholders about holding general meetings of shareholders?
In accordance with the Charter of PJSC Severstal, notification of a general meeting of shareholders is carried out no later than 30 days before the date of its holding. If the agenda of the extraordinary general meeting contains the issue of electing members of the Board of Directors of the Company - no later than 50 days before the date of its holding.
Within the specified time frame, a notice of the general meeting of shareholders is published on the Company’s website at: .
How does PAO Severstal inform shareholders about decisions made at meetings?
In accordance with the requirements of the current legislation of the Russian Federation, decisions adopted by the general meeting of shareholders, as well as voting results, can be announced at the general meeting of shareholders during which voting was held, and must also be brought to the attention of shareholders in the form of a report on the voting results.
The report on the voting results is published on the Company's website in the General Meeting of Shareholders section at the address: no later than 4 business days after the closing date of the General Meeting of Shareholders or the deadline for accepting voting ballots when holding a General Meeting of Shareholders in the form of absentee voting.
In addition, the Company discloses information about decisions adopted by the general meeting of shareholders in the form of a notice of a material fact in the manner and within the time limits provided for current legislation Russian Federation.
When does the company hold the annual general meeting of shareholders of PJSC Severstal?
In accordance with the Federal Law “On joint stock companies" and the Charter of PJSC Severstal, the annual general meeting of shareholders of the Company is held no earlier than two months and no later than six months after the end of the financial year.
When does Severstal PJSC hold an extraordinary general meeting of shareholders?
In accordance with the Federal Law “On Joint Stock Companies” and the Charter of PJSC Severstal, an extraordinary general meeting of shareholders of PJSC Severstal is held by decision of the Board of Directors on the basis of:
- initiatives of the Company's Board of Directors,
- requirements of the Company's audit commission,
- requirements of the Company's auditor,
- demands of shareholders (shareholders) of the Company who are owners of at least 10% of the voting shares of the Company as of the date of presentation of the request to hold an extraordinary general meeting of shareholders.
Who has the right to vote at the shareholders meeting?
The general meeting may be attended by persons included in the list of persons entitled to participate in the general meeting, persons to whom the rights of these persons to shares have been transferred by inheritance or reorganization, or their representatives acting on the basis of a power of attorney for voting or the law.
The list of persons entitled to participate in the general meeting of shareholders is compiled on the basis of data from the register of shareholders of the Company.
The date of compilation of the list of persons entitled to participate in the general meeting of shareholders (the “closing of the register” date) is determined by the Board of Directors of the Company. The date for compiling the list of persons entitled to participate in the general meeting of shareholders cannot be set earlier than the date of the decision to hold a general meeting of shareholders and more than 50 days in advance, and if the proposed agenda for the extraordinary general meeting of shareholders contains the issue of electing members of the Board of Directors - more than 80 days before the date of the general meeting of shareholders.
Voting at the general meeting of shareholders is carried out according to the principle “one voting share of the Company - one vote,” with the exception of cases of cumulative voting for the election of members of the Board of Directors of the Company. In cumulative voting, the number of votes belonging to each shareholder is multiplied by the number of persons who must be elected to the Board of Directors of the Company, and the shareholder has the right to cast the votes received in this way entirely for one candidate or distribute them between two or more candidates. The candidates who receive the largest number of votes are considered elected to the Board of Directors.
How can a shareholder participate in a shareholders meeting?
To participate in the meeting, the shareholder must fill out the voting ballots sent to him and send them to the address: 162608, Russian Federation, Vologda Region, Cherepovets city, Mira street, 30, building of the central entrance of PJSC Severstal, room. 101, or personally (or through your representative acting on the basis of a power of attorney executed in accordance with current legislation) to take part in the meeting on the day of its holding, in the case of a meeting of shareholders in the form of a meeting (in person). When holding a meeting of shareholders in the form of absentee voting (absentee form), the shareholder sends the completed ballot to the Company at the above address.
Severstal management is consistently increasing the amount of dividend payments. Annual and interim dividends are regularly transferred to shareholders. In the first half of 2018, the company will pay dividends in the amount of 27.72 rubles. per share. Payments will begin on June 20, 2018.
The famous mining and metallurgical company Severstal is one of the largest Russian enterprises in the field of ferrous metallurgy and mining. Owns many assets in Russia (including the second largest metallurgical plant in the Russian Federation) and abroad: in the CIS countries, of Eastern Europe, Africa. It is a world leader in production profitability. In 2017, steel production reached 11.5 million tons. It supplies products to various regions of the world.
When does Severstal pay dividends?
The company offers investors ordinary registered shares, currently 837.7 million shares have been placed. Trading in Severstal securities is carried out on the Moscow (MICEX) and London (LSE) exchanges under the tickers CHMF and SVST, respectively.
Over the past few years, the company's revenue has noticeably decreased from $8.3 billion in 2014 to $7.8 billion in 2017. This is due to several factors, including a correction in steel prices.
Important! According to Promsvyazbank analysts, in 2018 Severstal’s revenue may fall by another 15-20% due to further destabilization of prices in the raw materials market.
At the same time, the company demonstrates stable financial and operating results. The size of dividends continues to grow every year.
Table 1. Timing and amount of Severstal dividend payments in 2017. Source: investfuture.ru
The current yield is 9.85%, the DSI is 0.79.
The mining and metallurgical company pays annual dividends, intermediate – in case of stable financial situation. The average amount allocated for payments depends on the ratio of the size net debt to EBITDA:
- if the resulting coefficient is below 1x, then 50% is transferred to payments net profit;
- if the value is higher than 1x, then shareholders will receive no more than 25% of net profit.
Table 2. Timing and amounts of Severstal dividend payments for 2017. Source: investfuture.ru
| The period for which income is paid | Size d dividend per 1 ordinary share, rub. | Total amount of payments, rub. | Register closing date (dividend cut-off) | Payment schedule |
| 2017, 4th quarter | 27,72 | 92.2 billion | 19.06.2018 | 20.06.2018 – 14.07.2018 |
| 2017, 3rd quarter | 35,61 | 05.12.2017 | 06.12.2017 – 01.01.2018 | |
| 2017, half year | 22,28 | 26.09.2017 | 01.11.2017 – 14.07.2017 | |
| 2017, 1st quarter | 24,4 | 20.06.2017 | 21.06.2017 – 01.08.2017 |
What dividends will the company pay for the fourth quarter of 2017?
Severstal began paying dividends in 2001, gradually increasing their size.
Interesting fact! In 2017, the Company paid shareholders an income that was three times the amount of attracted investments.
This makes the company one of the most attractive investments, including due to its reliable dividend history.
Table 3. History of dividend payments of Severstal in 2010-2017. Source: official website
How to get income from owning shares?
The decision on payment or non-payment of dividends is made by the Meeting of Shareholders based on an analysis of indicators and recommendations provided by the Board of Directors, which, after assessing and redistributing profits for a new period, sets the maximum possible amount of income per share.
Important! According to the dividend policy, announcing the decision on payment is the right, not the obligation of the Company. In its absence, the company may not pay money to shareholders, and the latter have no right to make demands.
However, Severstal is considered a highly reliable company for investors and provides regular payments.
The meeting of shareholders announces:
- the amount of dividend income;
- form and procedure of payment;
- register closing date;
- payment period.
A private individual must first take into account the closing date of the register (dividend cut-off). At this time, all holders are fixed valuable papers companies for which income will be calculated and paid. Accordingly, in order to receive Severstal dividends for the fourth quarter of 2017, you need to buy shares and get into the register before the cutoff point.
Important! RThe registry will close on June 19, 2018 (Tuesday). To be included in the list of dividend recipients, you must purchase Severstal securities 2 business days before the specified date, that is, no later than June 15 (Friday).
How to become a shareholder?
You can buy Severstal shares using a brokerage or investment company, having the right to participate in bidding for stock exchange. This is an intermediary who will help an individual purchase securities, register them in his name and send the data to the shareholder register.
A formal agreement is concluded with this type of company, a brokerage account is opened, after which the intermediary will be able to buy shares.
It is recommended to follow important news regarding Severstal dividend payments; they can be found on the company’s website - www.severstal.com. All necessary information appears in advance: for example, you can find out about the upcoming Meeting of Shareholders 30 days before it takes place.
Video. Features of Severstal dividend payments:
Higher education. Orenburg State University (specialization: economics and management of heavy engineering enterprises).
March 10, 2018.
| Details of corporate action | |
|---|---|
| Reference corporate action | 270085 |
| Corporate action type code | MEET |
| Type of corporate action | Annual General Meeting of Shareholders |
| CD date (actual) | 09 June 2017 12:00 |
| Recording date | May 15, 2017 |
| Form of the meeting | Full-time |
| Venue of the meeting | Russian Federation, Vologda region, Cherepovets, st. Stalevaro v, no. 41, Palace of Metallurgists. |
| Information about securities | |||||||
|---|---|---|---|---|---|---|---|
| Reference CD for a security | Issuer | Number state registration release | Date of state registration of the issue | Category | Depository issue code | ISIN | Registrar |
| 270085X5995 | Public Joint Stock Company "Severstal" | 1-02-00143-A | November 30, 2004 | ordinary shares | RU0009046510 | RU0009046510 | LLC "PARTNER" |
| Related corporate actions | |
|---|---|
| KD type code | Reference CD |
| DVCA | 270087 |
| DVCA | 282155 |
| Voting results | ||
|---|---|---|
| Draft decision number: 1.1 | Elect the Board of Directors of PJSC Severstal in the following composition: 1. Mordashov Alexey Alexandrovich 2. Kulichenko Alexey Gennadievich 3. Lukin Vladimir Andreevich 4. Mityukov Andrey Alekseevich 5. Shevelev Alexander Anatolyevich 6. Philip John Dayer 7. David Alun Bowen (David Alin Bowen) 8.Veikko Sakari Tamminen (Veikko Sakari Tamminen) 9.Mau Vladimir Alexandrovich 10.Auzan Alexander Alexandrovich | Accepted: Yes |
| For: 7177475234 Abstained: 84900 Did not participate: 10922110 |
||
| Draft decision number: 1.1.1 | Mordashov Alexey Alexandrovich | Accepted: Yes |
| For: 675003399 | ||
| Draft decision number: 1.1.2 | Kulichenko Alexey Gennadievich | Accepted: Yes |
| For: 668714408 | ||
| Draft decision number: 1.1.3 | Lukin Vladimir Andreevich | Accepted: Yes |
| For: 668746732 | ||
| Draft decision number: 1.1.4 | Mityukov Andrey Alekseevich | Accepted: Yes |
| For: 667324951 | ||
| Draft decision number: 1.1.5 | Shevelev Alexander Anatolevich | Accepted: Yes |
| For: 668675929 | ||
| Draft decision number: 1.1.6 | Philip John Dayer (Philip John Dayer) | Accepted: Yes |
| For: 768159340 | ||
| Draft decision number: 1.1.7 | David Alun Bowen | Accepted: Yes |
| For: 769040558 | ||
| Draft decision number: 1.1.8 | Veikko Sakari Tamminen | Accepted: Yes |
| For: 766652777 | ||
| Draft decision number: 1.1.9 | Mau Vladimir Alexandrovich | Accepted: Yes |
| For: 749591719 | ||
| Draft decision number: 1.1.10 | Auzan Alexander Alexandrovich | Accepted: Yes |
| For: 771472006 | ||
| Draft decision number: 2.1 | Approve the annual report and annual accounting (financial) statements of PJSC Severstal for 2016. | Accepted: Yes |
| For: 717789677 Abstained: 38365 Did not participate: 1019783 |
||
| Draft decision number: 3.1 | a) Distribute PJSC profit Severstal based on the results of 2016. Pay (declare) dividends based on the results of 2016 in the amount of 27 rubles 73 kopecks per ordinary registered share. Form of dividend payment: cash. Payment of dividends in cash is carried out by bank transfer by the company. Set June 20, 2017 as the date on which persons entitled to receive dividends based on the results of 2016 are determined. b) Profit based on the results of 2016 that is not used to pay dividends based on the results of 2016 should not be distributed. | Accepted: Yes |
| For: 717819169 Abstained: 3325 Did not participate: 1025331 |
||
| Draft decision number: 4.1 | Pay (declare) dividends based on the results of the first quarter of 2017 in the amount of 24 rubles 44 kopecks per ordinary registered share. Form of dividend payment: cash. Payment of dividends in cash is carried out by bank transfer by the company. Set June 20, 2017 as the date on which persons entitled to receive dividends based on the results of the first quarter of 2017 are determined. | Accepted: Yes |
| For: 717826437 Abstained: 1600 Did not participate: 1019788 |
||
| Draft decision number: 5.1 | Elect the audit commission of PJSC Severstal in the following composition: 1. Lavrov Nikolay Viktorovich 2. Antonov Roman Ivanovich 3. Guseva Svetlana Viktorovna - Lavrov Nikolay Viktorovich | Accepted: Yes |
| For: 717040192 Against: 703808 Abstained: 57768 Did not participate: 1035507 |
||
| Draft decision number: 5.2 | Elect the audit commission of PJSC Severstal in the following composition: 1. Lavrov Nikolay Viktorovich 2. Antonov Roman Ivanovich 3. Guseva Svetlana Viktorovna - Antonov Roman Ivanovich | Accepted: Yes |
| For: 717031102 Against: 707208 Abstained: 51018 Did not participate: 1047947 |
||
| Draft decision number: 5.3 | Elect the audit commission of PJSC Severstal in the following composition: 1. Lavrov Nikolay Viktorovich 2. Antonov Roman Ivanovich 3. Guseva Svetlana Viktorovna - Guseva Svetlana Viktorovna | Accepted: Yes |
| For: 717019177 Against: 703808 Abstained: 49643 Did not participate: 1064647 |
||
| Draft decision number: 6.1 | Approve KPMG JSC (TIN: 7702019950. Main registration number of the entry in state register auditors and audit organizations: 11603053203) auditor of PJSC Severstal. | Accepted: Yes |
| For: 710630893 Against: 1510731 Abstain: 5648729 Did not participate: 1046922 |
||
| Draft decision number: 7.1 | approve a transaction (several interrelated transactions) in which there is an interest, between PJSC Severstal (Client) and PJSC Sberbank(Bank) within the framework of the agreement on general conditions attracting Money Client's deposits through the exchange of confirmations within total amount no more than 130,000,000,000 (one hundred thirty billion) rubles (or the equivalent in another currency) of one-time placed funds. Interest rate is established for each transaction separately by agreement of the parties, based on market conditions at the time of conclusion of the transaction. Payment of interest on transactions is made on the expiration date of the transaction. The agreement is valid for an unlimited period. | Accepted: Yes |
| For: 675536068 Against: 42182615 Abstained: 87988 Did not participate: 1030604 |
||
We hereby inform you that NSD JSC has received information disclosed by the issuer of securities in accordance with Regulations of the Central Bank of the Russian Federation N 546-P dated June 1, 2016 “ON THE LIST OF INFORMATION RELATED TO THE EXERCISE OF RIGHTS ON SECURITIES PROVIDED BY ISSUERS TO THE CENTRAL DEPOSITARY, PROCEDURE AND TERMS OF ITS PROVISION, AS WELL AS THE REQUIREMENTS FOR THE PROCEDURE FOR PROVIDING ACCESS TO SUCH INFORMATION BY THE CENTRAL DEPOSITORY."
4.10. Information on decisions made by the general meeting of shareholders, as well as on the results of voting at the general meeting of shareholders (Regulation 546-P dated 06/01/2016).
We are sending you the results of the general meeting of shareholders received by NCO JSC NSD in order to inform specified information to persons entitled to participate in this corporate action, in accordance with clause 4 of Art. 62 Federal Law dated December 26, 1995 No. 208-FZ “On Joint-Stock Companies”*.
* NSD is not responsible for the completeness and accuracy of information received from the issuer.
2002-06-21T18:24Z
2008-06-05T12:36Z
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The meeting of Severstal shareholders decided to pay dividends in shares of subsidiaries
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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, the company's shareholders will receive one dividend per ordinary share. ordinary share OJSC "Severstal-Auto" and OJSC "Severstal-Resource". In addition, at the meeting of shareholders of the company, the annual report and financial statements of the company, amendments 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. General Director Severstal elected Anatoly Kruchinin, who previously held the position executive director OJSC "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, authorized capital 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/.