Mechel's shareholders approved the restructuring of debt to state banks, which became effective on May 7, but would have lost its force without shareholder approval. Those who voted against the deals, as well as those who did not vote on it, will be able to present their shares for redemption at 80.57 rubles per paper. Based on the net asset value, the company will be able to spend up to ₽882 million to purchase the securities, having bought back a maximum of about 2.63% of ordinary shares.