PJSC Magnitogorsk Iron and Steel Works: MMK EGM approves dividends for Q3 2019

PJSC Magnitogorsk Iron and Steel Works (MMK) 
PJSC Magnitogorsk Iron and Steel Works: MMK EGM approves dividends for Q3 
2019 
 
31-Dec-2019 / 07:46 CET/CEST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                         Press Release 31 December 2019 Magnitogorsk, Russia 
 
            MMK EGM approves dividends for Q3 2019 
 
 PJSC Magnitogorsk Iron & Steel Works' ("MMK", or "the Company") (MICEX-RTS: 
 MAGN; LSE: MMK), one of the world's largest steel producers, announces that 
 an Extraordinary General Meeting of shareholders ("the EGM") was held on 27 
                         December 2019 with absentee voting. 
 
  Shareholders approved by majority vote a dividend on MMK's issued ordinary 
  registered shares of RUB 1.650 (incl. tax) per share for the third quarter 
                         of 2019. 
 
 The dividend will be paid in cash by bank transfer within the period and in 
              the manner stated by the Federal Law on Joint-Stock Companies. 
 
 The dividend record date is set as the close of trading on 15 January 2020. 
 
                         About MMK 
 
     MMK is one of the world's largest steel producers and a leading Russian 
    metals company. The company's operations in Russia span the entire value 
chain from iron ore processing to downstream production of rolled steel. MMK 
   produces an extensive range of steel products with a predominant share of 
high-value-added products. In 2018, the company produced 12.7 million tonnes 
        of crude steel and 11.7 million tonnes of commercial steel products. 
 
    MMK is one of the cost leaders in the industry with leading positions in 
      profitability. In 12M 2018, the Company generated USD 8,214 million in 
   revenue and USD 2,418 million in EBITDA. MMK Net Debt/EBITDA ratio is the 
     lowest in the industry - (0.08x) as of 2018. The Company has investment 
                         grade ratings from Fitch, Moody's, S&P. 
 
 MMK is listed on Moscow Stock Exchange and the Company's GDRs are traded on 
               the London Stock Exchange. The Company's free-float is 15.7%. 
 
                         Investor contacts 
 
Veronika Kryachko 
 
tel.: [phone] 
 
E-mail: kryachko.vs@mmk. ru [1] 
 
                         Media contacts 
 
Dmitry Kuchumov            Oleg Egorov 
 
tel.: [phone]   tel.: [phone] 
 
E-mail: [e-mail] E-mail: [e-mail] 
 
ISIN:          US5591892048 
Category Code: MSCM 
TIDM:          MMK 
LEI Code:      253400XSJ4C01YMCXG44 
Sequence No.:  38029 
EQS News ID:   945139 
 
End of Announcement EQS News Service 
 
 
1: mailto:[e-mail] 
 

(END) Dow Jones Newswires

December 31, 2019 01:46 ET (06:46 GMT)