EQS-News: PJSC Mechel: Mechel Reports Decisions of Annual General Shareholder Meeting

EquityStory.RS, LLC-News: PJSC Mechel / Key word(s): Miscellaneous 
PJSC Mechel: Mechel Reports Decisions of Annual General Shareholder Meeting 
 
2020-07-03 / 09:55 MSK 
The issuer is solely responsible for the content of this announcement. 
 
       MECHEL REPORTS DECISIONS OF ANNUAL GENERAL SHAREHOLDER MEETING 
 
       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 
 
[e-mail] 
 
                                    *** 
 
       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. 
 
2020-07-03 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:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.mechel.ru/ 
ISIN:        US5838406081, RU000A0DKXV5 
WKN:         A2AC1G 
Listed:      Foreign Exchange(s) Moscow, NYSE 
EQS News ID: 1085563 
 
End of News EquityStory.RS, LLC News Service 
 
1085563 2020-07-03 MSK 
 
 

(END) Dow Jones Newswires

July 03, 2020 02:55 ET (06:55 GMT)