Annual Report 2013

Share Capital & Dividends

As of 31 December 2013, the share capital of TMK was comprised of 937,586,094 fully paid ordinary shares, each with a nominal value of RUB 10. TMK does not have any preferred shares, neither outstanding nor authorised.

Number of shares as of 31 December 2013:

Number of shares%
TMK Steel Ltd, incl. affiliates*672,030,99971.68%
TMK subsidiaries53,5770.006%
TMK Bonds S.A. **71,505,9567.63%
Rockarrow Investments Limited1,014,0950.108%
Free float192,981,46720.57%
Total937,586,094100.00%

*The ultimate beneficiary is Dmitry Pumpyanskiy.

** TMK Bonds S.A. owns 17,876,489 global depositary receipts (GDR) of TMK, representing 71,505,956 TMK shares, or 7.63% of the share capital, securing obligations to convert into TMK GDR’s the bonds issued by TMK Bonds S.A. in February 2010, totalling 412.5 mln USD and maturing in 2015. The bonds may be converted at 22.308 USD per GDR.

As of 31 December 2013, 20.57% of TMK shares were in free float, with approximately 90% of them traded as GDR on the London Stock Exchange. TMK Board of Directors and the Management owned a total of 543,309 shares, or 0.058% of the share capital.

REG.S144A
CUSIP:87260R20187260R102
SEDOL:B1FY0V4B1G3K21
ISIN:US87260R2013US87260R1023
   
CUSIP:87260R300 
ISIN:US87260R3003 

TMK securities are listed on Russian and international stock exchanges:

  • Shares are listed on Moscow Exchange under the TRMK ticker (Bloomberg: TRMK: RM / Reuters: TRMK.MM).
  • Global depositary receipts (GDRs) are listed on the London Stock Exchange under the TMKS ticker (Bloomberg: TMKS:LI / Reuters: TRMKq.L).
  • American depository receipts (ADRs) are traded on the OTC platform (OTCQX) under the TMKXY ticker (Bloomberg: TMKXY: US / Reuters: TMKXY.PK).

Dividend history

PeriodDividends declared
per share, RUB
Total declared
dividends, RUB
Dividends paid versus total dividends
declared, %
20081.751,527,751,750.0099.99%*
2009--
20100.85796,978,180.0099.98%*
20113.633,403,437,521.2299.98%*
20122.342,193,951,459.9699.98%*
1H 20131.04975,089,537.7699.98%*

As of 31 December 2013, TMK market capitalisation totalled 2.5 bln USD.

Payment of dividends on GDR, USD: