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PJSC Magnitogorsk Iron and Steel Works: MMK publishes its Report on Payments to Governments in 2020

·3-min read

PJSC Magnitogorsk Iron and Steel Works (MMK)
30-Jun-2021 / 14:21 CET/CEST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

MMK publishes its REPORT ON PAYMENTS TO GOVERNMENTS IN 2020

30 june 2021

Magnitogorsk, Russia

 

 

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, today publishes its Report on payments to governments in 2020 ("the Report").

The Report is prepared in accordance with the requirements of the Disclosure and Transparency Rules Instrument 2014 «Report on payments to governments», issued by the Financial Conduct Authority (FCA's Instrument).

The Report provides citizens, authorities and independent users with the information on payments made to governments where MMK conducts its extractive activities.

Since the Group performed extractive activity in Russia only, the Report discloses payments to governments made by Russian companies only.

The Report is published on the official MMK website.

The Report have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

About MMK

MMK is one of the world's largest steel producers and a leading Russian metals company. The Group's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products, with a predominant share of premium products. In 2020, MMK produced 11.6 mln tonnes of crude steel and sold 10.8 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margins. Group revenue in 2020 totalled USD 6,395 mln, with an EBITDA of USD 1,492 mln. MMK boasts the industry's lowest debt burden. Net debt/EBITDA ratio was -0.06х at the end of 2020. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's and S&P.

MMK's ordinary shares are traded on the Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

 

Investor Relations Department

Veronika Kryachko
+7 (915) 380-62-66
kryachko.vs@mmk.ru

 

ESG DEPARTMENT

 

Yaroslava Vrubel
+7 982 282 9682
vrubel.ys@mmk.ru

 

Communications Department

Dmitriy Kuchumov  
+7 (499) 238-26-13
kuchumov.do@mmk.ru

Oleg Egorov
+7 (499) 238-26-13
egorov.oa@mmk.ru

 

 

KEY UPCOMING EVENTS IN 2021

Financial calendar

 

14 July

Q2 and 6M 2021 Trading Update

22 July

Q2 and 6M 2021 IFRS financials

23-26 July

Non-deal roadshow (NDR), online

27 July

Virtual conference for retail investors,

VTB Capital

 

 

 

 


ISIN:

US5591892048

Category Code:

PGR

TIDM:

MMK

LEI Code:

253400XSJ4C01YMCXG44

Sequence No.:

114653

EQS News ID:

1213866


 

End of Announcement

EQS News Service

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