print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Mechel press releases

Mechel

May 28, 2010

Mechel’s Board recommends dividend amount

Moscow, Russia – May 28, 2010 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces its Board’s dividend recommendation.

On May 28, 2010, Mechel’s Board of Directors recommended to the annual general shareholders’ meeting annual dividend of 1.09 rubles per one ordinary share (approximately $0.035 per ADR)* for the 2009 fiscal year. Also Mechel’s Board recommended annual dividend of 3.29 rubles per one preferred share (about $0.11 per one preferred share and $0.055 per one preferred American Depositary Share)*.

The total dividend the Board recommended to the annual general shareholders’ meeting would amount to 453,735,112.05 rubles (about $14.7 million)* for ordinary shares. The total dividend for preferred shares is 456,510,250.35 rubles (about $14.8 million)*. This dividend payment amount is in line with Mechel OAO’s Charter provision regarding preferred shares.

According to the Board’s decision dividend payment will be in cash by wire transfer not later than December 31, 2010.

The record date for the Mechel’s share, preferred share and ADR-holders entitled to participate in the annual general shareholders’ meeting and to receive dividends is May 24, 2010. The annual general shareholders’ meeting will be held on June 30, 2010, at the address: 1 Krasnoarmeyskaya Ul., Moscow, Russian Federation.

* According to the Russian Central Bank exchange rate of 30.8786 RUR/$ as of May 28, 2010.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer