Mechel Reports Decisions of Its Board of Directors
Mechel PAO American Depositary Shares (Each rep. 1 common shares) (MTL)
US:NYSE Investor Relations:
mechel.com/shareholders/report/20f
Company Research
Source: GlobeNewswire
MOSCOW, May 31, 2018 (GLOBE NEWSWIRE) -- 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 r
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