Severstal can pay dividends of 54.46 rubles per stock for January – September 2014

The Board of Directors of Severstal has recommended the shareholders to pay dividends of 54.46 rubles per stock for January – September 2014. The extraordinary shareholders session will be held in the form of absentee voting on November 14th. The list of the persons liable to get the for January – September 2014 is compiled as on October 25th 2014.

The total sum of dividends can be $1.15 billion or 45.6 billion rubles. The shareholders capital of Severstal consists of 837,718,660 stocks. The interim payments include the special dividends at a rate of $1 billion for the sales of the American assets, announced before by the company and the CEO A. Mordashov.

In September, Severstal completed the transaction for the sales of the American plant Severstal Columbus and Severstal Dearborn. The company reported that it achieved the agreement for the sales of these enterprises for $2.325 billion.