MTL Mechel PAO

MECHEL ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
Moscow, Russia — June 30, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of the
leading Russian mining and metals companies, announces the decisions of its
Annual General Shareholders’ Meeting held today.
The following resolutions were adopted by shareholders at the meeting:
- To pay no dividends on ordinary shares and to pay a dividend of 0.05 rubles
per one preferred share.
- To make the list of persons entitled to receive dividends on preferred shares
on the date of July 11, 2016. The payment is due to be made by bank transfer
over the period specified by Russian law.
- To allocate 6,937,845.75 rubles to make dividend payments on the company’s
preferred shares and leave undistributed the retained earnings of past periods,
totaling 31,904,551,427.37 rubles.
- To elect the following people to Mechel’s Board of Directors:
1. Igor Zyuzin;
2. Alexander Shokhin.
3. Oleg Korzhov;
4. Alexander Kotsky;
5. Yuri Malyshev;
6. Vladimir Korovkin;
7. Alexander Orischin;
8. Viktor Trigubko;
9. Tigran Khachaturov;
The number of the members of the company’s Board of Directors remained unchanged
since 2015.
- To elect the following people to Mechel PAO’s audit committee:
1. Alexander Kapralov;
2. Natalya Zykova;
3. Irina Bolkhovskikh.
- To approve the new version of the company’s bylaw on recompenses on bonuses
paid to Mechel PAO’s Board members and compensation of expenses linked to their
duties as members of the Board of Directors.
- To appoint Energy Consulting/Audit ZAO as the auditor of Mechel PAO.
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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is an international mining and steel company which employs 66,000 people.
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.
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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.