Novolipetsk Steel

Novolipetsk Steel: Update on NLMK's depositary receipt programme

Retrieved on: 
Sunday, January 22, 2023
Public sector banks in India, MAR, NLMK, Novolipetsk Steel, Security (finance)

Novolipetsk Steel (NLMK) announces the termination of its depositary receipt programme for common shares due to the decision by Deutsche Bank Trust Company Americas (Depositary Bank) to terminate the deposit agreement effective on 18 January 2023 (for details, see https://tss.gtb.db.com/FileView/Data.aspx?URL=dbdr/publication/Terminati... ).

Key Points: 
  • Novolipetsk Steel (NLMK) announces the termination of its depositary receipt programme for common shares due to the decision by Deutsche Bank Trust Company Americas (Depositary Bank) to terminate the deposit agreement effective on 18 January 2023 (for details, see https://tss.gtb.db.com/FileView/Data.aspx?URL=dbdr/publication/Terminati... ).
  • Receipt holders retain the right to convert them into common shares of Novolipetsk Steel within six months from the date of the deposit agreement termination.
  • Once the six-month period lapses, the Depositary Bank can sell the remaining common shares of Novolipetsk Steel represented by the receipts and transfer the proceeds into a special account to be distributed among the receipt holders (less the amounts due to the Depositary Bank).
  • For questions regarding further steps by the depositary receipt holders in connection with the deposit agreement termination, including questions on receipt conversion into common stock, it is recommended to contact Deutsche Bank Trust Company Americas at [email protected] .

Novolipetsk Steel: Update regarding the coupon payment for the Eurobonds due 2024

Retrieved on: 
Monday, November 28, 2022
NLMK, London Stock Exchange, Novolipetsk Steel, Ministry, Wind, Deutsche Bank, ISIN, London, Ministry of Finance (India), Moscow Exchange, MAR, Principal, Security (finance), Note, Issuer

Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.

Key Points: 
  • Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
  • Novolipetsk Steel (NLMK) hereby informs the holders of the 4.00 per cent.
  • NLMK is not aware of any prohibitions on the distribution of the September coupon payment under the Notes to the noteholders whose rights are recorded outside of Russia.
  • NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

Steelworkers Intend to Strike NLMK over Unfair Labor Practices

Retrieved on: 
Thursday, August 20, 2020
Trade unions, International Federation of Chemical, Energy, Mine and General Workers' Unions, Canadian Labour Congress, AFL–CIO, International Metalworkers' Federation, United Steelworkers, Novolipetsk Steel, McAuliffe, USW

FARRELL, Pa., Aug. 20, 2020 /PRNewswire/ -- The United Steelworkers (USW) today said that Local 1016-3 has given NLMK management a 48-hour notice of the union's intent to strike over unfair labor practices.

Key Points: 
  • FARRELL, Pa., Aug. 20, 2020 /PRNewswire/ -- The United Steelworkers (USW) today said that Local 1016-3 has given NLMK management a 48-hour notice of the union's intent to strike over unfair labor practices.
  • USW District 10 Director Robert "Bobby Mac" McAuliffe said that the union is committed to the fight to hold NLMK management accountable.
  • "We've stood together to survive during hard times in the past and know that we can accomplish great things through solidarity and collective action," McAuliffe said.
  • "NLMK needs stop breaking the law and negotiate in good faith with workers for a fair contract."

ATI and NLMK Expand Carbon Steel Hot-Rolling Conversion Agreement

Retrieved on: 
Wednesday, November 13, 2019
Other Natural Resources, Mining, Minerals, Aerospace, Manufacturing, Natural Resources, Other Manufacturing, Steel, Novolipetsk Steel, Chemistry, Corrosion prevention, Brackenridge, Steel, Galvanization, Ati, Physical sciences, Natural sciences

Allegheny Technologies Incorporated (NYSE: ATI) announced today it signed another 1 year agreement to extend and expand carbon steel hot-rolling conversion services for NLMK USA at its world-class Hot-Rolling and Processing Facility, or HRPF, located in Brackenridge, PA.

Key Points: 
  • Allegheny Technologies Incorporated (NYSE: ATI) announced today it signed another 1 year agreement to extend and expand carbon steel hot-rolling conversion services for NLMK USA at its world-class Hot-Rolling and Processing Facility, or HRPF, located in Brackenridge, PA.
  • ATI expects 2020 volumes covered under this agreement to meaningfully increase over 2019 levels.
  • It provides NLMK USA with continued access to the HRPFs capabilities for conversion of their broad range of carbon steel grades through December 2020.
  • With production sites at NLMK Indiana, NLMK Pennsylvania and Sharon Coating (NLMK Pennsylvanias galvanizing operations), NLMK USA produces flat rolled steel that is essential to modern manufacturing.