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MarketScreener Homepage  >  Equities  >  Nyse  >  Mechel PAO    MTL


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PJSC Mechel : Mechel Reports Decisions of Annual General Shareholder Meeting

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07/03/2020 | 03:00am EDT

EquityStory.RS, LLC-News: PJSC Mechel / Key word(s): Miscellaneous
PJSC Mechel : Mechel Reports Decisions of Annual General Shareholder Meeting

03.07.2020 / 09:55 MSK
The issuer is solely responsible for the content of this announcement.



Moscow, Russia - July 3, 2020 - Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by the annual general shareholder meeting held on June 30.


The shareholders decided on the following:


- not to pay an annual dividend with respect to ordinary shares;


- to pay an annual dividend of 3.48 rubles per one preferred share;


- to make the list of persons entitled to receive dividends for preferred shares for 2019 based on the data in the Mechel PAO Shareholders' Register as of July 17, 2019. The payments are to be made by bank transfer in accordance with current Russian law;


- to allocate 482,874,064.20 rubles for payment of dividends for listed preferred shares;


- to leave the remainder of profit (1,508,353,153.10 rubles) unallocated.


- to elect to the Board of Directors:


1. Igor V. Zyuzin

2. Oleg V. Korzhov

3. Alexander N. Kotsky

4. Yury N. Malyshev

5. Alexander D. Orischin

6. Georgy G. Petrov

7. Viktor A. Trigubko

8. Alexander N. Shokhin

9. Irina N. Ipeeva

- to approve the revised Charter of Mechel PAO and bylaw on Mechel PAO's Board of Directors.


- to approve major self-dealing transactions signed by Mechel PAO with VTB Bank and Gazprombank to ensure fulfillment of obligations assumed by the company's subsidiaries.



Mechel PAO

Ekaterina Videman

Tel: + 7 495 221 88 88




Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.



Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


03.07.2020 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EquityStory.RS, LLC Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: PJSC Mechel
1 Krasnoarmeyskaya Street, Moscow, Russia
127006 Moscow
Phone: +7 (495) 221-88-88
Fax: +7 (495) 221-88-00
E-mail: press@mechel.com
Internet: www.mechel.ru/
ISIN: US5838406081, RU000A0DKXV5
Listed: Foreign Exchange(s) Moscow, NYSE
EQS News ID: 1085563

End of News EquityStory.RS, LLC News Service

1085563  03.07.2020 MSK

© EQS 2020

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Net income 2020 - - -
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Capi. / Sales 2021 0,07x
Nbr of Employees -
Free-Float 74,3%
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Oleg Viktorovich Korzhov Chief Executive Officer & Director
Igor Vladimirovich Zyuzin Chairman & Chief Executive Officer-Mechel Mining
Nelli R. Galeyeva Chief Financial Officer
Victor Alexandrovich Trigubko Director & Senior VP-Government Relations
Yury Nikolayevich Malyshev Independent Director
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