Mechel Reports Decisions of Annual General Meeting of Shareholders
Moscow, Russia – July 3, 2023 – Mechel PAO (MOEX: MTLR), a leading Russian mining and metals company, announces the decisions made by the annual general meeting of shareholders held on June 30 by correspondence.
A quorum for decision-making was present for all issues on the agenda.
The shareholders, in particular, approved the following decisions:
- Not to declare and not to pay dividends on Mechel PAO's ordinary and preferred shares.
- To approve Mechel PAO's revised Charter.
- To approve the revised Bylaw on Mechel PAO's General Meeting of Shareholders.
- To approve Energy Consulting AO as Mechel PAO’s auditor.
In addition, the shareholders elected a new Board of Directors consisting of nine members, including five independent directors.
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Mechel is an international mining and steel company. 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. We do not intend to update these statements. We refer you to the documents Mechel publishes from time to time. These documents contain and identify important factors, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.