2.1. Type of transaction: interested party transaction.

2.2. Type and subject of transaction: supply of steel products.

2.3. Content of transaction: Supplier shall deliver, Purchaser shall accept and pay for the steel products as per Purchaser's Requests in accordance with product description and quantity specified in the Agreement.

2.4. Term of transaction: the Agreement shall remain effective form the date of its signature till December 31, 2019.

Parties: Supplier - PAO Severstal; Purchaser - AO Severstal Distribution;

The contractual amount: 16,000,000,000 (sixteen billion) roubles (3.67% of the Issuer's assets value under RAS).

2.5. Issuer's asset value as of the end date of reporting period preceding the date of transaction (conclusion of the Agreement): 436,558,978 thousand roubles.

2.6. Date of transaction (Agreement): 21.11.2018.

2.7. Full name of physical person recognized in accordance with the Russian Federation regulations as a person interested in the performance of transaction by the Issuer: Alexey Alexandrovich Mordashov. Basis on which the person was recognized interested in the performance of transaction: person is a controller of the Issuer and the entity representing a Party of transaction. Interested person's equity share in the charter capital of the Issuer and the equity representing a Party of transaction: 0%

2.8. Information about granting consent to conclude or approve related party transaction (name of management body approved resolution on granting consent to conclude or approve related party transaction, date of the resolution, date and number of the Minutes of the meeting of the Issuer's management body at which such a resolution has been approved in case the resolution approved by the collegial management body): transaction will be approved by the Issuer's Board of directors in November 2018.

Attachments

  • Original document
  • Permalink

Disclaimer

OAO Severstal published this content on 21 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 November 2018 13:55:03 UTC