OJSC Magnitogorsk Iron and Steel Works (MMK) announces that the company held an extraordinary general meeting of shareholders (in the absentee vote format) on Saturday, December 29, 2012.
Shareholders have by the majority vote approved the decision to pay dividends on the MMK issued stock based on the company performance for 9M 2012. Thus, MMK shareholders will be paid RUR 0.28 per common share of the issued stock.
In accordance with the existing legislation, dividends have to be paid to all the shareholders simultaneously within 60 days following the EGM decision.
Due to the weekend in the United Kingdom, information on the EGM voting results will be posted on the LSE website on Monday, December 31, 2012.