Press Releases

Mechel Reports Receipt of NYSE Notification

Moscow, Russia February 3, 2016 Mechel OAO (MICEX:MTLR, NYSE: MTL), one of the leading Russian mining and metals companies, reports receiving notice from the New York Stock Exchange (NYSE) that Mechel OAOs American Depositary Receipts (ADRs) are compliant with the listings standards requiring that an ADRs average closing price over 30 consecutive trading days must not be lower than 1 US dollar.

On August 19, 2015, Mechel OAO received an official NYSE notice that the company’s ADRs were no longer compliant with the NYSE listing’s standards requiring that an ADR’s average closing price over 30 consecutive trading days must not be lower than 1 US dollar. The company’s ADRs were assigned a <.BC> suffix.

On December 29, 2015, the company announced a ratio change to its ADR program from one (1) ADR per one (1) ordinary share to one (1) ADR per two (2) ordinary shares.

On January 12, 2016 the ratio change took effect, and the price per ADR totaled US$1.53. During January’s last trading session, on January 29, 2016, the closing price for Mechel’s common share ADRs was 2 US dollars, and the average closing price over the last 30 trading sessions amounted to $ 1.10 per ADR.

On February 1, 2016, the company received official confirmation from the NYSE that its common-share ADRs were compliant with the listing’s standards. The <.BC> suffix will be removed by the NYSE.


Mechel OAO
Ekaterina Videman
Phone: +7 495 221-88-88


Mechel is an international mining and steel company which employs over 67,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high valueadded products.


Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.


Print it