Moscow, Russia– April 11, 2016 – The Board of Directors of Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, decided to create a Special Committee of the Board.
The Board of Directors tasked the newly created Committee with examining the deals with lender banks that had been presented for approval to Mechel PAO’s extraordinary general shareholders’ meeting for the second time, employing an independent consultant to obtain a fairness opinion and prepare recommendations on the said deals to Mechel PAO’s general shareholders’ meeting on the basis of the said fairness opinion.
The Special Committee includes all of the company’s Board of Directors’ independent members:
- Vladimir Korovkin, president of the Committee
- Alexander Orischin, member of the Committee
- Vladimir Gusev, member of the Committee
- Alexander Kotsky, member of the Committee
- Yuri Malyshev, member of the Committee.
Mechel PAO’s extraordinary general shareholders’ meeting will take place on May 26, 2016.
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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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