Mechel received a notification from the NYSE about the start of the ADR delisting procedure

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AK&M 08 December 2022 11:32

The New York Stock Exchange (NYSE) has notified PJSC Mechel of the decision to begin the delisting procedure of two securities of the company - MTL ADR (each representing two ordinary shares) and MTL PR ADR (each representing half of a preferred share). This is stated in the message of Mechel.

Trading in the company's securities, suspended from February 28, 2022, will be discontinued.

Mechel is a global mining and metallurgical company. The company's products are supplied to domestic and foreign markets. Mechel unites producers of coal, iron ore, steel, rolled products, ferroalloys, thermal and electric energy. All enterprises work in a single production chain: from raw materials to products with high added value.