May 06, 2014 10:50
Mechel's Southern Kuzbass Coal Co could waive 2013 dividends due to losses
KEMEROVO. May 6 (Interfax) - Directors at the Mechel (MOEX: MTLR) coal and steel group's Southern Kuzbass Coal Company (MOEX: UKUZ) are recommending that shareholders vote at their annual shareholders meeting on June 19 to waive dividends for 2013, Southern Kuzbass said in materials.
The coal producer closed 2013 with net losses of 1.101 billion rubles to Russian Accounting Standards (RAS), compared with 2.813 billion rubles profit in 2012.
The company last year decided to pay dividends for 2012 and for Q2-Q4 2008. In 2012, it decided to pay for 2010 and 2011. Dividends for Q1 2018 were paid prior to that, but no dividends were paid for 2009.
Shareholders on record as of May 12 will be entitled to vote at this year's AGM.
OJSC Mechel Mining owned 96.6% of Southern Kuzbass, one of Russia's biggest coal mining enterprises, as of March 31.
Southern Kuzbass has 36,109,217 issued ordinary shares, par value 0.04 rubles each.
(Our editorial staff can be reached at email@example.com)
July 29, 2016
FAS opens cases against Evraz, Mechel, Severstal divisions over rebar market violations
WORLD CUP IS FIFA PROJECT, IT CAN'T BE TAKEN AWAY FROM RUSSIA - MUTKO
RUSSIAN-IRANIAN WORKING GROUP TO PREPARE PROPOSALS BEFORE YEAR-END ON AGREEMENT TO CREATE FREE TRADE AREA- NOVAK
NET PROFIT OF OGK-2 TO RAS IS 2.79 BLN RUBLES IN H1 - COMPANY
Govt to present to Putin for submission to State Duma for ratification agreement with Syria on placement of Russian aviation group there (Part 2)
GOVT TO SUPPORT ATHLETES IN LEGAL ACTIONS OVER FINANCIAL LOSSES INCURRED FROM REMOVAL FROM OLYMPIC GAMES - MUTKO
Central Elections Commission registers Green Party federal list
Composition of Russian team for 2016 Games to be published on Saturday or Sunday - Mutko
ICRC acclaims humanitarian operation in Aleppo, calls for observance of rights of all residents
Russian, Egyptian transport authorities continue talks on resuming flights
Kazakhstan's Qazaq Banki boosts IFRS net profit by 130% in H1
Power Machines swings to IFRS net profit of 193 mln rubles in H1
Azerbaijani channel loses license over 'wrong coverage' of coup attempt in Turkey
GROUP OF RUSSIAN SPORTS FEDERATIONS HAS NO POSITION IN INTERNATIONAL FEDERATIONS, WE HAVE SUFFERED BIGGEST DAMAGE THERE, CONCLUSIONS WILL BE DRAWN - MUTKO