OAO TMK, Russia’s largest pipemaker, asked shareholders to vote on new board directors and increasing dividends at a June 26 annual meeting.
The board recommended an $82 million dividend payout, equivalent to 2.70 rubles a share, TMK said in an e-mailed statement today.
TMK also proposed Bob Foresman, head of Barclays Plc in Russia, and Peter O’Brien, a former vice president at Russia’s largest oil company, OAO Rosneft, among the board nominees, according to the statement.
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