OREANDA-NEWS. July 02, 2014. Mechel (NYSE: MTL), one of the leading Russian mining and metals companies, announces that its Annual General Shareholders’ Meeting was held.

The following key resolutions were adopted by shareholders at the meeting:

To pay no dividends on ordinary shares.

To pay a dividend of 0.05 rubles per one preferred share. The payment is due to be made by bank transfer over the period specified by Russian law.
 
To make the list of persons entitled to receive dividends on preferred shares on the date of July 11, 2014.
 
To allocate profit from past years as follows:

- dividend payment of placed Company’s preferred shares – 6,937,845.75 rubles (about USD202,387.57);

- remaining profit of 90,416,010,077.27 rubles (about USD 2,637,573,222.79) leave undistributed.
 
To elect the following people to Mechel’s Board of Directors:

1. Arthur David Johnson;

2. Vladimir Gusev;

3. Igor Zyuzin;

4. Alexei Ivanushkin;

5. Igor Kozhukhovsky;

6. Oleg Korzhov;

7. Vladimir Korovkin;

8. Yuri Malyshev;

9. Viktor Trigubko.

The number of the Board’s members remained the same as last year. Vladimir Korovkin and Oleg Korzhov joined the Board of Directors. Roger Ian Gale and Evgeny Mikhel left the Board.

To approve the Company’s Annual Report for 2013.
 
To approve the Company’s Annual Financial Statements inclusive of the Income Statement (Profit and Loss Accounts) for 2013.
 
To elect the following people to Mechel audit committee:

1. Denis Shamne;

2. Natalya Zykova;

3. Andrey Stepanov.
 
To appoint Energy Consulting/Audit as the auditor of Mechel.
 
To approve the revised Charter of Mechel.
 
To approve the revised Bylaw on Mechel general shareholders’ meeting.