The Board of Directors issued The following recommendations were made to the General Meeting of Shareholders of Mechel PAO:
- Not to pay dividends on ordinary registered uncertified shares; - To pay dividends on preferred registered uncertified shares in the amount of 18 rubles 21 kopecks per share; - List of persons holding the right to receive dividends for 2018, based on the data of the register of shareholders of Mechel PAO as of July 18, 2019
The Board of Directors also recommended to the General Meeting of Shareholders of Mechel PAO to approve the distribution of a part of the accumulated profit of past years in the following version:
- For the payment of dividends on the placed preferred shares of the Company - 2,526,763,422 rubles 15 kopecks; - The balance of profit of previous years in the amount of 6,062 469,908 rubles 78 kopecks - leave unallocated. ”
The Annual General Meeting of Shareholders will be held on June 28, 2019 at the address: Moscow, Leningradsky Prospekt, 37, Building 9, Aerostar Hotel building.
The postal address to which completed voting ballots can be sent: 125167, Moscow, st. Krasnoarmeyskaya, 1, Mechel PAO.
Time of the general meeting of shareholders: 12:00 local time. The start time of registration of persons participating in the general meeting of shareholders: 11:00 am local time.
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Mechel PAO Ekaterina Videman Tel .: + 7-495-221- [email protected]
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Mechel is a global mining and metals company. The company's products are supplied to Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, heat and electricity. All businesses operate in a single production chain: from raw materials to high value-added products.
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Certain statements in this press release may contain assumptions or forecasts regarding future events or the future financial performance of Mechel PAO in accordance with the provisions of the 1995 US Securities Litigation Reform Act. We would like to warn you that these statements are only assumptions and the actual course of 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 that Mechel periodically submits to the US Securities and Exchange Commission, including the Annual Report on Form 20-F. These documents contain and describe important factors, including those identified in the "Risk Factors" section and "Note on the forecasts contained in this document" in Form 20-F. These factors could cause material differences between actual results and our assumptions and forecasts regarding upcoming events, including but not limited to achieving the anticipated level of profitability, growth, cost and effectiveness of our recent acquisitions, the impact of competitive pricing, the ability to obtain the necessary regulatory approvals and confirmations. the state of the Russian economy, the political and legal environment, volatility of stock markets or the value of our shares or ADRs, financial risk management and the impact of the general business situation and global economic conditions.
05/21/2019
