Mechel to pay dividends -2014 at the rate of 0.05 roubles
Edited by Rhod Mackenzie / 2015-05-25 11:40:17
The Board of Directors recommends the shareholders to approve the dividends at the amount of 0.05 roubles/privileged share. The company doesn’t plan to pay dividends for general shares.
Mechel OJSC issued 555,027,660 shares, 75 of which are general shares, 25% - privileged shares.
In total Mechel will spend about 6.9 mln roubles on the payment of dividends by privileged shares.
The free-float level of Mechel’s general shares on MICEX is 35%, privileged shares – 60%.
VTB, Sberbank and smaller creditors keep filing claims against Mechel with which the company planned to reach an agreement on the restructuring of debts.
