Share Capital
| Ordinary Shares: |
1 007 701 355 |
| Nominal Value: |
RUB 0,01 |
| Share Capital: |
RUB 10 077 013,55 |
| State Registration Number of securities issue: |
1-02-00143-A dated November 30, 2004 |
Shares outstanding
Join Stock Company “Severstal” was founded on September 24, 1993 pursuant to Decree No. 66 of the President of the Russian Federation dated January 29, 1992 and Decree No. 721 of the President of the Russian Federation dated July 1, 1992. On the date of incorporation Severstal’s share capital was RUB 5 518 548 divided into 5 518 548 shares with a nominal value of RUB 1 000 each (in undenominated rubles of 1997).
After Severstal’s shares were split by the end of 2004 its share capital was divided into 551 854 800 shares with a nominal value of RUB 0,01 each and equaled to RUB 5 518 548.
On March 27, 2006, the Extraordinary General Meeting of JSC “Severstal” approved the increase of the Company’s share capital by issuing additional shares via closed subscription to consolidate mining assets. The additional share issue of JSC “Severstal” was registered by Federal Service on Financial Markets of Russia on April 11, 2006 (under the state registration number of 1-02-00143-А-001D) in the amount of 397 518 300 shares with a nominal value of RUB 0,01 each. Actual placement of Severstal’s securities started on May 03, 2006 and was over on June 07, 2006. Overall, Severstal allocated 378 929 863 shares of additional issue, 13 516 489 of which were acquired by shareholders with preemptive rights and 365 413 374 were swapped with Frontdeal Ltd. (sole participant of the closed subscription) in exchange for its stakes in mining companies.
The second additional issue of Severstal’s ordinary shares was registered by Federal Service on Financial Markets of Russia on October 17, 2006 (under the state registration number of 1-02-00143-А-002D) in the amount of 85 000 000 shares with a nominal value of RUB 0,01 each; method of share placement – public offering. Actual placement of Severstal’s securities started on November 17, 2006 and was over on November 28, 2006. In total, Severstal allocated 76 916 692 shares of additional issue.
The current number of Severstal’s shares outstanding is 1 007 701 355. All shares of JSC “Severstal” are fully-paid.
Capital structure
As of June 30, 2009, 82.37% of Severstal’s share capital was controlled indirectly by Alexey Mordashov, CEO of the Company. Institutional investors and Severstal’s employees hold the remaining 17.63%.
Severstal’s capex by segment, 2010 (%)
