The Board of Directors of Mechel approved the recommendations to the annual General meeting of shareholders by size of dividends on shares by results of fiscal 2015, the company said. The record – July 11.
On ordinary shares dividends recommended not to pay on the preference shares to pay a dividend of 5 cents per share. Thus on payment of dividends on “preferred shares” the company will 6,938 million rubles. The balance of profit of previous years in the amount of 31,904 billion rubles and advised to leave Unallocated.
The annual General meeting of shareholders will be held on 30 June 2016.