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PJSC Magnitogorsk Iron and Steel Works: MMK Board meeting results

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PJSC Magnitogorsk Iron and Steel Works (MMK)
27-Apr-2021 / 15:00 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 BOARD

MEETING RESULTS

 

27 april 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, is pleased to announce that the MMK Board of Directors held a meeting on 23 April 2021.

The Board of Directors recommended that the Q4 2020 and Q1 2021 dividend record date be set as the close of business on 17 June 2021.

Earlier at the meetings held on 29 January 2021 and 20 April 2021, the Board of Directors recommended the AGM to approve the payment of dividends for Q4 2020 of RUB 0.945 per share and for Q1 2021 of RUB 1.795 per share.

At the meeting, the Board made the following decisions, among others:

 

a. The deadline for receipt of voting ballots (the date of voting ballots receipt): 28 May 2021;

b. Postal address for delivery of completed ballots: 455008, Magnitogorsk, Branch of STATUS Registrar, 212, Karl Marks Prospect, Magnitogorsk;

c. The website address where the electronic form of the voting ballot can be completed: https://online.rostatus.ru/;

d. The e-mail address to which the persons entitled to participate at the AGM can send their completed voting ballots: shareholder@mmk.ru.

The agenda for the AGM will include:

 

 

 

 

 

 

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

 

27-28 April

Non-deal roadshow (NDR), online

17-18 May

WOOD Prague Spring Simposium: ESG, online

18-20 May

BofA Global Metals, Mining & Steel Conference, online

19-21 May

Sberbank CIB Annual Investor Conference, online

 

 

 


ISIN:

US5591892048

Category Code:

ROM

TIDM:

MMK

LEI Code:

253400XSJ4C01YMCXG44

Sequence No.:

100689

EQS News ID:

1188583


 

End of Announcement

EQS News Service

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