News Column

DGAP-News: TMK Announces Board of Directors Decision on Share Capital Increase

June 27, 2014

EquityStory.RS, LLC-News: OAO TMK / Key word(s): Miscellaneous TMK Announces Board of Directors Decision on Share Capital Increase 27.06.2014 / 13:03 --------------------------------------------------------------------- June 27, 2014 Press Release TMK Announces Board of Directors Decision on Share Capital Increase TMK's Board of Directors at the meeting on June 27 made a decision to approve a share capital increase by the issuance of additional shares in the amount of 56,000,000 shares under open subscription. The offering price will be determined by the Board of Directors and announced not later than the beginning of the shares placement. The proceeds from the follow-on offering will be used to finance earlier announced investment projects and other current needs as well as to optimize TMK's capital structure. Follow-on Offering Conference Call: TMK's management will hold a conference call to discuss the secondary shares issuance today, June 27, 2014, at 09:30 New York / 14:30 London / 17:30 Moscow. To join the conference call please dial: UK Local: +44 20 7190 1595 UK Toll Free: 0800 358 5258 Russia: +7 495 662 57 93 Conference ID: 4689640 (We recommend that participants to start dialing in 5-10 minutes prior to ensure a timely start to the conference call) The conference call replay will be available through June 30, 2014: UK Local: +44 207 154 2833 UK Toll Free: 0800 358 3474 US Local: +1 303 590 3030 US Toll Free: 1 800 406 7325 Replay Access Code: 4689640# *** For further information regarding TMK, please, visit www.tmk-group.com as well as download the YourTube iPad application from the App Storehttps://itunes.apple.com/ru/app/yourtube/id516074932?mt=8&ls=1 or contact: TMK IR Department: Marina Badudina Tel: +7 (495) 775-7600 IR@tmk-group.comTMK PR Department: Ilya Zhitomirsky Tel: +7 (495) 775-7600 PR@tmk-group.com TMK on Facebook - https://www.facebook.com/TMKGroupEN *** TMK (www.tmk-group.com) TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel pipes for the oil and gas industry, operating 28 production sites in the United States, Russia, Canada, Romania, Oman, UAE, and Kazakhstan and two R&D centers in Russia and the USA. In 2013, TMK's pipe shipments totaled 4.3 million tonnes. The largest share of TMK's sales belongs to high margin oil country tubular goods (OCTG), shipped to customers in over 80 countries. TMK delivers its products along with an extensive package of services in heat treating, protective coating, premium connections threading, warehousing and pipe repairing. TMK's securities are listed on the London Stock Exchange, the OTCQX International Premier trading platform in the U.S. and on the Moscow Exchange MICEX-RTS. TMK's assets structure by division: Russian division: American division: Volzhsky Pipe Plant; 12 plants of TMK IPSCO; Seversky Tube Works; OFS International LLC. Taganrog Metallurgical European division: Works; TMK-ARTROM; Sinarsky Pipe Plant; TMK-RESITA. TMK-CPW; Middle East Division: TMK-Kaztrubprom; TMK GIPI (Oman); TMK-INOX; Threading & Mechanical Key Premium LLC (Abu- TMK-Premium Service; Dhabi). TMK Oilfield Services. End of Corporate News --------------------------------------------------------------------- 27.06.2014 Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: OAO TMK 40/2a Pokrovka 105062 Moscow Russia Phone: +7 495 775-7600 Fax: +7 495 775-7601 E-mail: tmk@tmk-group.com Internet: tmk-group.com ISIN: US87260R2013 End of News EquityStory.RS, LLC News-Service --------------------------------------------------------------------- 275597 27.06.2014


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DGAP Corporate News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters