the Board of Directors has given General meeting of shareholders of JSC "Mechel" following recommendations:
- For ordinary registered uncertificated shares not to pay dividends;
- On preferred registered uncertified shares to pay dividends in the amount of 3 rubles 48 kopecks per share;
- the List of persons entitled to receive dividends for the year 2019, to make on the basis of the register of shareholders of JSC "Mechel" as of July 17, 2020
- the payment of dividends on the outstanding preferred shares – 482 874 064 rubles 20 kopecks;
- the rest of the profit in the amount of 1 353 153 508 rubles 10 kopecks – to leave Unallocated.
the Board of Directors also recommended to the General meeting of shareholders of JSC "Mechel" to approve the distribution of net profit for the 2019 year the following option:
the Annual General meeting of shareholders of JSC "Mechel" will be held on 30 June 2020 in the form of absentee voting.
e-Mail address to which sending completed ballots for voting:
125167, Moscow, Krasnoarmeyskaya str., 1, JSC "Mechel".
the address of the site in information and telecommunications network "Internet", which can be filled in the electronic form of the ballot: lk.rrost.ru
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PAT "Mechel"
Catherine Wiedemann
Tel.: +7-495-221-88-88
ekaterina.videman@mechel.com
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Mechel is a global mining and metals company. The company's products are exported to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electric energy. All enterprises work in a single production chain, from raw materials to products with high added value.
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Certain statements in this press release may contain projections or forecasts regarding future events or the future financial performance of JSC "Mechel" in accordance with the provisions of Legislative act of the USA about the reform of the judicial process in respect of securities in 1995. We wish to caution You that these statements are only predictions and that actual events or results may differ materially from those stated. We do not intend to revise or update these statements. We refer You to the documents Mechel periodically submit to the Commission securities and exchange Commission, including the annual report on Form 20-F. These documents contain and identify important factors, including those listed under "risk Factors" and "note regarding forecasts contained in this document" in the Form 20-F. These factors can cause significant discrepancies between actual results and our assumptions and projections regarding future events, including, without limitation, the achievement of anticipated levels of profitability, growth, cost-effectiveness of our recent acquisitions, the impact of competitive pricing, ability to obtain necessary regulatory permits and authorizations, condition of the Russian economy, political and legal environment, volatility in stock markets or the value of our shares or ADRs, financial risk management and the impact of General provisions of business and global economic conditions.
01.06.2020
