Moscow, Russia– June 30, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, announces the decisions of its Annual General Shareholders’ Meeting held today.
The following resolutions were adopted by shareholders at the meeting:
- To pay no dividends on ordinary shares and to pay a dividend of 0.05 rubles per one preferred share.
- To make the list of persons entitled to receive dividends on preferred shares on the date of July 11, 2016. The payment is due to be made by bank transfer over the period specified by Russian law.
- To allocate 6,937,845.75 rubles to make dividend payments on the company’s preferred shares and leave undistributed the retained earnings of past periods, totaling 31,904,551,427.37 rubles.
- To elect the following people to Mechel’s Board of Directors:
1. Igor Zyuzin;
2. Alexander Shokhin.
3. Oleg Korzhov;
4. Alexander Kotsky;
5. Yuri Malyshev;
6. Vladimir Korovkin;
7. Alexander Orischin;
8. Viktor Trigubko;
9. Tigran Khachaturov;
The number of the members of the company’s Board of Directors remained unchanged since 2015.
- To elect the following people to Mechel PAO’s audit committee:
1. Alexander Kapralov;
2. Natalya Zykova;
3. Irina Bolkhovskikh.
- To approve the new version of the company’s bylaw on recompenses on bonuses paid to Mechel PAO’s Board members and compensation of expenses linked to their duties as members of the Board of Directors.
- To appoint Energy Consulting/Audit ZAO as the auditor of Mechel PAO.
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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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