PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Publication of Prospectus, Charter,
Amendments and additions to the Charter
11-Jun-2020 / 08:56 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.
Publication of prospectus, PJSC MMK ("MMK", or "the
charter, amendments and additions Group") (MICEX-RTS: MAGN;
to the charter LSE: MMK), one of the
world's largest steel
producers, announces that,
in compliance with Listing
Rules 14.3.11R and 18.4.3R,
MMK has forwarded to the FCA
for publication a copy of:
11 june 2020
- the Prospectus dated 24
April 2007;
Magnitogorsk, Russia
- MMK Charter (translated
in English), Amendments
and additions to the
Charter which are the
documents that set out the
terms and conditions on
which its ordinary shares
and the global depositary
receipts representing its
ordinary shares were
issued (subject to
compliance with current
legislation).
Copies of the documents have
been submitted to the
National Storage Mechanism
and will shortly be
available for inspection at
https://data.fca.org.uk/#/ns
m/nationalstoragemechanism
[1].
About MMK Subscribe to our official MMK
channel in Telegram [2], to be
the first to know about key MMK
news.
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
high-value-added products. In
2019, MMK produced 12.5 mln
tonnes of crude steel and 11.3
mln tonnes of commercial steel
products.
??? is an industry leader in
terms of production costs and
margin. MMK Group had revenue
in 2019 of USD 7,566 mln and
EBITDA of USD 1,797 mln. MMK's
debt load is the lowest for
the industry. Net debt/EBITDA
ratio was -0.13? at the end of
2019. The Group's
investment-grade rating is
confirmed by the leading
global rating agencies Fitch,
Moody's, S&P.
MMK's ordinary shares are
traded on Moscow Exchange,
while its depositary receipts
are traded on the London Stock
Exchange. Free float amounts
to 15.7%.
KEY UPCOMING EVENTS IN 2020
Investor Relations
Department
Financial calendar [3]
Veronika Kryachko
+7 (3519) 25-75-01
kryachko.vs@mmk.ru
14 July Q2 and 6M 2020 Trading Update
29 July Q2 and 6M 2020 IFRS financials
13 October Q3 and 9M 2020 Trading Update
22 October Q3 and 9M 2020 IFRS financials
media contacts
Dmitriy Kuchumov
+7 (499) 238-26-13
kuchumov.do@mmk.ru
Oleg Egorov
+7 (499) 238-26-13
egorov.oa@mmk.ru
ISIN: US5591892048
Category Code: PDI
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 69073
EQS News ID: 1067837
End of Announcement EQS News Service
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(END) Dow Jones Newswires
June 11, 2020 02:56 ET (06:56 GMT)
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