Moscow, Russia – May 22, 2017 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports the decisions made by the extraordinary general shareholder meeting held on May 17, 2017.
The shareholders decided to approve related-party transactions between Mechel PAO and Gazprombank AO as per subitems 1.1 and 1.2 of item #1.
Mechel PAO’s shareholders thus approved changes in the company’s pledges made to secure loan agreements made by Yakutugol Holding Company AO and Southern Kuzbass Coal Company PAO with Gazprombank AO, as well as handing Gazprombank AO 25% + 1 share of Mechel Mining AO’s total common shares as pledge.
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Ekaterina Videman Tel: + 7 495 221 88 88 ekaterina.videman@mechel.com
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