OREANDA-NEWS. Severstal (“Severstal”) (LSE: SVST; MICEX-RTS: CHMF), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that its Board of Directors has approved the following agenda for the AGM to be held in Cherepovets, Russia on 11 June 2014:
— Election of the members of the Board of Directors of Severstal with the following list of candidates:
1. Martin Angle,
2. Alun Bowen,
3. Christopher Clark,
4. Philip Dayer,
5. Alexey Kulichenko,
6. Vadim Larin,
7. Vladimir Lukin,
8. Alexey Mordashov,
9. Mikhail Noskov,
10. Rolf Stomberg.

— Approval of the annual report annual accounting statements, including income statement report for 2013
— Distribution of profits for the year ended 31 December 2013 and dividend payments for FY 2013
— Dividend payments for Q1 2014
— Election of the members of the Internal Audit Commission
— Approval of the auditor for Severstal
— Approval of a new edition of the Charter of Severstal
— Approval of changes to the Board of Directors’ remuneration


As announced on 25 February 2014, Severstal’s AGM will be held from 12.00pm (MT) on 11 June 2014 (with registration from 11.00am) at 41 Metallurgists Palace, Stalevarov Street, Cherepovets, Vologda Region, Russia. The record date for participation in the AGM was 24 April 2014.

The Board of Directors is also recommending a dividend of 2.43 rubles (approximately USD 0.07) per share for the three months to 31 March 2014.

On 25 February 2014 the Board recommended a dividend of 3.83 rubles (approximately USD 0.11) per share for the twelve months to 31 December 2013. If both dividend payments are approved at the AGM, the record date for both will be 23 June 2014.