Metalloinvest Finance Designated Activity Company (IRSH)
Metalloinvest declares dividends
Moscow, Russia - 05 October 2021 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its dividends for the 9 months of 2021.
Based on 9M 2021 results and Net Debt/EBITDA LTM ratio of substantially lower than 1.0x as of 30 September 2021, the shareholders of Metalloinvest made a decision to pay out the dividends in the total amount of RUB 88.6 bn, part of which will be returned to the Company for the settlement of the intragroup transactions.
# # # #
If you have any questions, please contact us:
T: +7 (495) 981-55-55, ext. 7243
Tel.: +7 (495) 981-55-55, ext. 7629
Metalloinvest is a leading metals and mining company with the second-largest proven iron ore reserves on a JORC-equivalent basis
In H1 2021, revenue amounted to USD 5.1 bn; EBITDA - USD 2.9 bn. The company has 10+ years track record on public debt capital markets with high credit ratings: S&P (BBB-/ stable), Fitch (BBB-/stable), Moody's (Baa3/stable), АCRА (AA+(RU)/positive).
Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.
Ticker (Bloomberg): METIN RU; official website: www.metalloinvest.com
EQS News ID:
End of Announcement
EQS News Service