Mechel PAO (MTL)

[I-Man]

Board Decision not good sadly... ONLY preferred's get 18 cents per share held??? That's worse than Ole' DRYS CEO is giving its common holders...

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SEC 6-K

The Board of Directors made the following recommendations to the general meeting of Mechel PAO's shareholders:

- not to pay an annual dividend with respect to ordinary shares;

- to pay an annual dividend of 10.28 rubles per one preferred share (approximately 0.18 US dollars per one preferred share and 0.09 US dollars per one preferred ADR*);

- to make the payment by bank transfer within the time period and according to form prescribed by Russian law.