EquityStory.RS, LLC-News: PJSC Mechel / Key word(s): Miscellaneous
PJSC Mechel: Mechel Reports Decisions of Its Board of Directors
2020-06-01 / 11:00 MSK
The issuer is solely responsible for the content of this announcement.
MECHEL REPORTS DECISIONS OF ITS BOARD OF DIRECTORS
Moscow, Russia - June 1, 2020 - 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 29, 2020.
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 3.48 rubles per one preferred share;
- that the list of persons entitled to receive dividends for 2019 be made
based on the data in the Mechel PAO Shareholders' Register as of July 17,
2020.
The Board of Directors also recommended the general meeting of Mechel PAO's
shareholders to approve dividing 2019 net profit as follows:
- 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.
The annual general meeting of shareholders will be held on June 30, 2020 by
absentee voting.
Filled vote bulletins may be mailed to 125167, Moscow, Krasnoarmeiskaya St,
1, Mechel PAO.
The bulletins may be filled at https://lk.rrost.ru [1]
***
Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
***
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.
2020-06-01 MSK Dissemination of a Corporate News, transmitted by
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The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: PJSC Mechel
1 Krasnoarmeyskaya Street, Moscow, Russia
127006 Moscow
Russia
Phone: +7 (495) 221-88-88
Fax: +7 (495) 221-88-00
E-mail: press@mechel.com
Internet: www.mechel.ru/
ISIN: US5838406081, RU000A0DKXV5
WKN: A2AC1G
Listed: Foreign Exchange(s) Moscow, NYSE
EQS News ID: 1059835
End of News EquityStory.RS, LLC News Service
1059835 2020-06-01 MSK
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(END) Dow Jones Newswires
June 01, 2020 04:00 ET (08:00 GMT)
