Russia-based Severstal, one of the world's largest vertically integrated steel and mining companies, has announced that its board of directors has approved the following agenda for its 2010 annual general meeting (AGM) to be held in Cherepovets, Russia on June 27, 2011:
Re-election of the members of the board of directors of Severstal;
Approval of the annual report and annual accounting report including the income statement report;
Distribution of profits for the year ended December 31, 2010. Dividend payments for 2010;
Dividend payments for Q1 2011;
Re-election of the members of the audit committee of Severstal;
Approval of the auditor for Severstal;
Approval of changes in board directors' remuneration.
The board recommended a dividend of RUB 3.90 per share (approximately $0.14) in respect of the first three months to 31 March, 2011, of the current financial year.