DJ Metalloinvest declares dividends
Metalloinvest Finance Designated Activity Company (IRSH) Metalloinvest declares dividends 23-Aug-2021 / 19:05 MSK Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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Metalloinvest declares dividends
Moscow, Russia - 23 August 2021 - Metalloinvest ("the Company"), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its dividends for the six months of 2021.
Based on 6M 2021 results and Net Debt/EBITDA LTM ratio of 0.6x as of 30 June 2021, the shareholders of Metalloinvest made a decision to pay out the dividends in the total amount of RUB 117.0 bn, significant part of which will be returned to the Company for the settlement of the intragroup transactions.
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If you have any questions, please contact us:
Artem Lavrischev Investor Relations
E: ir@metalloinvest.com
T: +7 (495) 981-55-55, ext. 7243
Anton Troshin
Public Relations
E: pr@metalloinvest.com
Tel.: +7 (495) 981-55-55, ext. 7629
About Metalloinvest
Metalloinvest is a leading metals and mining company with the second-largest proven iron ore reserves on a JORC-equivalent basis (13.8 billion tonnes and about 136 years of reserve life). The company is the world's largest producer and supplier of merchant hot briquetted iron (HBI) products, a low-carbon raw material used to produce green steel; Metalloinvest holds a leading position in the production of pellets, iron ore concentrate and high-quality steel.
In H1 2021, revenue amounted to USD 5.1 bn; EBITDA - USD 2.9 bn. The company has 10+ years track record on public debt capital markets with high credit ratings: Fitch (BBB-/stable), S&P (BB+/positive), Moody's (Ba1/stable), ?CR? (AA+ (RU)/positive).
Alisher Usmanov is the main beneficiary of the company (with a 49% stake) through Holding Company USM LLC.
Ticker (Bloomberg): METIN RU; official website: www.metalloinvest.com
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ISIN: XS0918297382 Category Code: MSCM TIDM: IRSH Sequence No.: 120564 EQS News ID: 1228353 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1228353&application_name=news
(END) Dow Jones Newswires
August 23, 2021 12:05 ET (16:05 GMT)
