DJ PJSC Magnitogorsk Iron and Steel Works: MMK appoints Citi as Depositary Bank for GDR Programme
PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: MMK appoints Citi as Depositary Bank for GDR Programme
27-Jul-2021 / 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.
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PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the
world's largest steel producers, notifies about the change of depositary for its Global Depositary
Receipts program.
MMK announces that Citibank, N.A. has replaced The Bank of New York Mellon as depositary for the
MMK's Global Depositary Receipt ("GDR") program (the "GDR Program"), effective as of July 27, 2021.
MMK Appoints Citi
as Depositary Bank The MMK's GDRs trade on London Stock Exchange under the symbol "MMK". Each GDR represents 13
(thirteen) ordinary shares of the company. MMK's underlying ordinary shares are listed and trade on
for GDR Programme Moscow Stock Exchange under the symbols "MAGN".
PJSC Sberbank will continue to act as the Custodian providing custody of the local underlying
shares.
27 july 2021
Holders of the Company's GDRs do not need to take any action in connection with this notice.
Magnitogorsk,
Russia
Information regarding the Depositary:
Citibank, N.A. is a national banking association organized under the United States federal law.
The registered office of the Depositary is located at 388 Greenwich Street, New York, New York
10013, USA.
For more information about Citibank, N.A.'s services relating to the ADRs please visit https://
depositaryreceipts.citi.com/.
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 Subscribe to our official MMK
tonnes of commercial steel products. channel in Telegram, to be
the first to know about key
??K is an industry leader in terms of production costs and margins. Group revenue in 2020 MMK news.
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 -0.06? 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 18.7%.
Investor Relations Department KEY UPCOMING EVENTS IN 2021
Veronika Kryachko Financial calendar
+7 (915) 380-62-66
kryachko.vs@mmk.ru
Virtual conference for retail investors,
27 July
ESG DEPARTMENT VTB Capital
Yaroslava Vrubel 28-29 July Non-deal roadshow (NDR), online
+7 982 282 9682 Communications Department 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: MSCM
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 118522
EQS News ID: 1221814
End of Announcement EQS News Service
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(END) Dow Jones Newswires
July 27, 2021 02:00 ET (06:00 GMT)
