PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) whose major shareholder is the largest steel producer, ArcelorMittal, will channel UAH 10.845 billion into payment of dividends, which will be UAH 2.81 per ordinary registered share.
This decision was taken by shareholders of PJSC ArcelorMittal Kryvyi Rih at an extraordinary general meeting on October 10, the company’s press service said.
The procedure and timing for the payment of the dividends will later be determined by the enterprise’s supervisory board. After that, the funds will be transferred to shareholders. At the same time, it is specified that, according to the Law on Joint-Stock Companies, dividends must be paid within six months from the date of the decision by a meeting of shareholders.
The press service recalls that the last time dividends were paid for 2007, before the 2008-2009 crisis. After that, ArcelorMittal use funds to modernize production and carry out large-scale investment projects. The current dividend payment will not affect the implementation of the investment program. In the next five years, $1.8 billion will be invested in the development of production. Of the amount, about $300-350 million is to be invested in the construction of a pelletizing factory. It will produce pellets that will partially replace sinter as raw materials for blast furnaces. Therefore, the enterprise will be able to close two worn sinter plants and thereby reduce emissions by 50–55%, according to the press service.
ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. Its staples are long products, in particular, reinforcing bars and wire rods.
ArcelorMittal owns the largest mining and metallurgical plant ArcelorMittal Kryvyi Rih in Ukraine and a number of small companies, in particular PJSC ArcelorMittal Beryslav.
The number of regular Internet users in Ukraine by the end of the third quarter of 2019 (Q3) increased by 7% to 22.96 million, the Ukrainian Internet Association (UIA) reported on its website with a link to the results of a study by Factum Group Ukraine.
The Association notes this indicator for the first time in the past few years has grown significantly. The main reasons for the growth in the association are called ‘smartphoneization’ of the population and an increase in the number of network users in villages and small towns.
So, by the end of September, Internet penetration increased from 71% to 74% in towns whose population exceeds 100,000 inhabitants, from 63% to 70% in towns whose population is lower than 100,000 inhabitants, and from 53% to 58% in villages.
“Alignment of the structure of Internet users in accordance with the structure of the population continues. This process has actually been completed by gender, and continues by other indicators: regional, professional, educational, income, age. Almost all Ukrainians younger than 35 are Internet users,” the Association said when commenting on the findings of the survey.
The most active users are Ukrainians aged 15-24 years (97% of Internet users), they are followed by people aged 25 to 34 years (96%). Users over 65 years old account for 29% (only 14% a year ago). The share of women in the total number of Internet users is still 52%.
Some 44% of Ukrainian Internet users have an average income level, 48% are below average. Some 40% have secondary specialized education, 36% have complete higher education.
The first place among Internet devices is a smartphone (66%), the second is a home laptop (40%), and the third is a PC (36%).
The share of users using exclusively mobile devices for access to the Internet in Q3 was 22%.
Official rates of banking metals from national bank as of October 11
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 11/10/19
Source: National Bank of Ukraine
Ukrainian President Volodymyr Zelensky has announced a compromise has been reached with ArcelorMittal Kryvyi Rih, a mining and metallurgical plant in Kryvy Rih.
“They officially put the position, but we found some kind of framework – as of today. Because maybe something will change, I don’t know. We signed a paper for 400 million [hryvnias] – they need to build a cancer center,” Zelensky said during a press marathon in Kyiv on Thursday.
As reported, PJSC ArcelorMittal Kryvyi Rih will allocate EUR15 million (about UAH 400 million) for the construction of an oncology center in Kryvy Rih.
At the end of July, ArcelorMittal Kryvyi Rih said that the SBU Security Service of Ukraine had conducted searches at the enterprise as part of criminal proceedings opened against the enterprise for environmental pollution under Article 441 of the Criminal Code of Ukraine (ecocide).
Before that, Zelensky criticized ArcelorMittal Kryvyi Rih for having failed to meet the deadline to improve the environmental situation in the region and called for providing targeted financial support to those who suffered from harmful emissions into the atmosphere.
President of Ukraine Volodymyr Zelensky says that none of the negotiation formats contain even a hint that in exchange for the liberation of Donbas Ukraine would recognize Crimea as Russian territory.
“As for the proposals, “let us give you the occupied territory of Donbas, and you will give us Crimea,” – it has never been discussed. Moreover, I have not even heard these hints in any format,” he said during his conversation with reporters at a press marathon in Kyiv on Thursday.
In general, he said, negotiations are currently underway with Russia in several formats: “By telephone – about the return of prisoners who are held in Russia, in the Minsk format – about Donbas, and there’s no issue on Crimea even in the Normandy format, “about which we hear only of the upcoming date of the meeting.”
The president also emphasized that at the meeting in the Normandy format he will certainly raise the issue of Crimea.
