DJ PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results
PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: MMK announces the EGM results
29-Dec-2020 / 08:00 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 announces PJSC Magnitogorsk Iron & Steel Works
("MMK", or "the Group") (MICEX-RTS: MAGN;
LSE: MMK), one of the world's largest steel
producers, announces that the Extraordinary
THE EGM results General Meeting of Shareholders ("the EGM")
was held in absentia on 25 December 2020.
The EGM approved the payment of dividends
for Q3 2020.
Based on the results of Q3 2020, dividends
29 December 2020 will be paid in the amount of RUB 2.391
(incl. tax) per share.
Magnitogorsk, Russia
The Q3 2020 dividend record date was
determined as 14 January 2021.
About MMK Subscribe to our official MMK
channel in Telegram [1], 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%.
Investor
Relations
Department
KEY UPCOMING EVENTS IN 2021
Veronika
Kryachko Financial calendar [2]
+7 (915)
380-62-66
kryachko.vs@mm
k.ru
12-14 January CEEMEA Opportunities Conference,
J.P. Morgan, online
26 January Q4 2020 trading update
2 February MMK Q4 2020 financial results under
IFRS publication and conference call
ESG DEPARTMENT
Yaroslava
Vrubel
+7 982 282
9682
vrubel.ys@mmk.
ru
Communications
Department
Dmitriy
Kuchumov
+7 (499)
238-26-13
kuchumov.do@mm
k.ru
Oleg Egorov
+7 (499)
238-26-13
egorov.oa@mmk.
ru
ISIN: US5591892048
Category Code: DIV
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 90462
EQS News ID: 1157671
End of Announcement EQS News Service
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(END) Dow Jones Newswires
December 29, 2020 02:00 ET (07:00 GMT)
