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Mechel

May 31, 2018

Mechel reports decisions of its Board of Directors

Moscow, Russia– May 31, 2018 – Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by its Board of Directors at a meeting held on May 31, 2018.

The Board of Directors made the following recommendations to the general meeting of Mechel PAO’s shareholders:

  • not to pay an annual dividend with respect to ordinary shares;
  • to pay an annual dividend of 16.66 rubles per one preferred share;
  • that the list of persons entitled to receive dividends for 2017 be made based on the data in the Mechel PAO Shareholders’ Register as of July 18, 2018.

The Board of Directors also recommended the general meeting of Mechel PAO’s shareholders to approve dividing part of accumulated profit from previous years as follows:

  • to allocate 2,311,690,203.90 rubles for payment of dividends for listed preferred shares;
  • to allocate 15,204,268,696.65 rubles to cover the 2017 losses;
  • to leave the remainder of profit (8,589,233,330.93 rubles) unallocated.

The Board of Directors has also approved the following people as candidates to the Board and the company’s Revision Commission to be voted upon at the annual general meeting of Mechel PAO’s shareholders:

  • For election to the Board of Directors:
  1. Igor V. Zyuzin
  2. Alexander N. Shokhin
  3. Viktor A. Trigubko
  4. Oleg V. Korzhov
  5. Georgy G. Petrov
  6. Alexander N. Kotsky
  7. Alexander D. Orischin
  8. Tigran G. Khachaturov
  9. Yury N. Malyshev
  • For election to the Revision Commission:
  1. Alexander N. Kapralov
  2. Natalya S. Zykova
  3. Irina V. Bolkhovskikh

The annual general meeting of shareholders will be held on June 29, 2018 at the following address: Russia, Moscow, Leningradsky Prospect, 37 bldg 9, Aerostar Hotel.

Filled vote bulletins may be mailed to 125167, Moscow, Krasnoarmeiskaya St, 1, Mechel PAO.

The annual general meeting of shareholders will be held at 12:00 local time. Registration of persons participating in the general meeting of shareholders will begin at 11:00 local time.

***

Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

 

 

 

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