DJ PJSC Magnitogorsk Iron and Steel Works: MMK comments on the Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 of 15 March 2022
PJSC Magnitogorsk Iron and Steel Works (MMK) PJSC Magnitogorsk Iron and Steel Works: MMK comments on the Council Implementing Regulation (EU) 2022/427 and Council Decision (CFSP) 2022/429 of 15 March 2022 18-March-2022 / 07:00 CET/CEST Dissemination of a Regulatory Announcement, 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", "the Group") (MOEX: MAGN; LSE:
MMK) notifies that on 15 March 2022 the European Council published the fourth
MMK comments on the Council package of economic and individual sanctions against the Russian Federation,
Implementing Regulation (EU) 2022/427 including Viktor Rashnikov, Chairman of the Board of Directors and controlling
and Council Decision (CFSP) 2022/429 of shareholder of MMK.
15 march 2022
We consider the sanctions against Viktor F. Rashnikov to be groundless and
unfair.
18 march 2022 MMK is reviewing the decision taken by the European authorities and assessing
possible impact of sanctions on its business. MMK is one of the world's largest
Magnitogorsk, Russia steelmakers, characterized by high production efficiency, low debt burden and
stable financial position.
About MMK
PJSC Magnitogorsk Iron and Steel Works (MMK Group, MMK) is a Russian iron and steel
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 manufactures a broad range of steel products, with a Subscribe to our official MMK
predominant share of premium products. In 2021, MMK produced 13.6 mln tonnes of crude channel in Telegram, to be
steel and sold 12.5 mln tonnes of commercial steel products. the first to know about key
MMK news.
Group revenue in 2021 totalled USD 11,869 mln, with an EBITDA of USD 4,290 mln. MMK
boasts the industry's lowest debt burden. Net debt/EBITDA ratio was -0.09? at the end of
2021.
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 20.2%.
KEY UPCOMING EVENTS IN 2022
Veronika Kryachko
+7 (915) 380-62-66 Financial calendar
kryachko.vs@mmk.ru
13 April Q1 2022 Trading Update
ESG DEPARTMENT
19 April Q1 2022 IFRS financials
Yaroslava Vrubel vrubel.ys@mmk.ru Communications Department Dmitriy Kuchumov +7 (499) 238-26-13 kuchumov.do@mmk.ru
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ISIN: US5591892XXX Category Code: MSCM TIDM: MMK LEI Code: 253400XSJ4C01YMCXG44 Sequence No.: 149900 EQS News ID: 1305973 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
March 18, 2022 02:00 ET (06:00 GMT)
