UMMC earmarks 4.2 bln rubles for H1 dividends
YEKATERINBURG. Aug 29 (Interfax) - Shareholders in OJSC Ural Mining and Metallurgical Company (UMMC), at an extraordinary meeting on August 25, decided for paying dividends for the first half of 2011 at 10 rubles per common share (face value of one ruble per share), the company said in its materials.
The total payout will come to 4.2 billion rubles. The payment should be made no later than October 24, 2011.
It was earlier reported that the company did not pay interim dividends in 2010. The dividend payout for 2010 came to 7.67 rubles per common shares. The total payout came to 3.221 billion rubles, which accounted for 99.9% of total net profit from 2010.
UMMC unites over 40 enterprises in various parts of Russia. The company is one of Russia's leading producers of zinc, lead, cathode cooper and non-ferrous metal roll.
UMMC's charter capital comes to 420 million rubles divided into common shares at a face value of one ruble each.
The main shareholders in UMMC are the following Cyprus-registered companies: Talberg Investments Ltd (8.5%), Bergend Investments Ltd (7.5%), Kamuna Holdings Ltd. (16.25%), Fridingen investments Ltd (24.8724%), Recano Trading Ltd. (17.55%), Elobia Holding Ltd. (16.2%) and Coylton Services Ltd (10.1276%)