PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results

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PJSC Magnitogorsk Iron and Steel Works (MMK) 
PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results 
 
06-March-2018 / 11:21 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                       March 6th 2018, Magnitogorsk Press Release 
 
           MMK Board Meeting Results 
 
 PJSC Magnitogorsk Iron and Steel Works ("MMK", or "the Company") (LSE: MMK) 
 announces that MMK Board of Directors held a meeting on March 2nd 2018. The 
  Board approved June 1st 2018 as the date for the Annual General Meeting of 
                       Shareholders (AGM) of the Company. 
 
 The cut-off date for inclusion in the shareholder register for the AGM is 8 
              May 2018 at the close of trading on the London Stock Exchange. 
 
                       The agenda for the AGM will include: 
 
  1) Approval of the Company's annual report, annual financial statements; 
 
  2) Distribution of profit, including payment (announcement) of dividends, 
  based on the results of the financial year; 
 
  3) Election of members of the Company's Board of Directors; 
 
  4) Election of members of the Company's Audit Commission; 
 
  5) Approval of the Company's auditor; 
 
  6) Approval of remuneration payments to members of the Company's Board of 
  Directors; 
 
  7) Approval of remuneration payments to members of the Company's Audit 
  Commission. 
 
       The Board also approved a recommendation by the beneficiary of Mintha 
      Holding Limited (owns 84.26% of PJSC MMK voting shares) to include the 
                       following individuals in the voting ballots: 
 
  - For the Board of Directors: Viktor Rashnikov, Nikolai Lyadov, Olga 
  Rashnikova, Sergei Ushakov, Pavel Shilyaev (recommendation on independent 
  members of the Board of Directors will be prepared by the Committee for 
  Nominations and Remuneration for the next meeting of the Board of 
  Directors of the Company); 
 
  - For the Audit Commission: Alexander Maslennikov, Oksana Dyuldina, Galina 
  Akimova. 
 
  The Board of Directors issued recommendations for the AGM to determine the 
   scope of remuneration and compensation for members of the Board and Audit 
                       Commission for performing their duties in 2018-2019. 
 
About MMK 
 
     MMK is one of the world's largest steel producers and a leading Russian 
          metals company. The company's operations in Russia include a large 
  steel-producing complex 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 
high-value-added products. In 2017, the company produced 12.9 million tonnes 
    of crude steel and 11.6 million tonnes of commercial steel products. MMK 
        Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 
                       million. 
 
Contacts: 
 
Investor Relations Department: 
 
Andrey Serov, Head of IR 
tel.: [phone] 
e-mail: [e-mail] 
 
Communications Department: 
 
Dmitry Kuchumov            Dmitry Bulin 
 
tel.: [phone]   tel.: [phone] 
 
e-mail: [e-mail] e-mail: [e-mail] 
 
ISIN:          US5591892048 
Category Code: ROM 
TIDM:          MMK 
LEI Code:      253400XSJ4C01YMCXG44 
Sequence No.:  5265 
 
End of Announcement EQS News Service 
 
660833 06-March-2018 
 
 

(END) Dow Jones Newswires

March 06, 2018 05:22 ET (10:22 GMT)