DJ PJSC Magnitogorsk Iron and Steel Works: MMK notifies about temporary suspension of Q1 2022 Trading Update and Financial Results publication
PJSC Magnitogorsk Iron and Steel Works (MMK) 14-Apr-2022 / 10:30 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") (MOEX: MAGN;
LSE: MMK) notifies that it has decided temporarily not to publish its
MMK notifies about temporary suspension of Trading Update and Financial Results for Q1 2022.
Q1 2022 Trading update and financial
results publication The decision was made due to the fact that a significant part of investors
is unable to make transactions with MMK's securities.
14 april 2022
Magnitogorsk, Russia
About MMK
PJSC Magnitogorsk Iron and Steel Works (the Group, MMK) is one of the world's largest
steel producers, holding a leading position among Russian steel companies. The Group's
assets include a large steelmaking complex with a full production cycle, from preparation
of iron ore to production of downstream products. MMK manufactures a wide range of steel Subscribe to our official MMK
products with a predominant share of premium products. In 2021, MMK produced 13.6 mln channel in Telegram, to be
tonnes of crude 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 with the net debt/EBITDA ratio of -0.09? at the
end of 2021.
MMK's ordinary shares and depositary receipts are traded on the Moscow Exchange and the
London Stock Exchange respectively. Free float amounts to 20.2%.
Investor Relations Department
Veronika Kryachko
+7 (915) 380-62-66
kryachko.vs@mmk.ru
ESG DEPARTMENT
Yaroslava Vrubel
+7 982 282 9682
vrubel.ys@mmk.ru
Communications Department
Dmitriy Kuchumov
+7 (499) 238-26-13
kuchumov.do@mmk.ru
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ISIN: US5591892048 Category Code: MSCM TIDM: MMK LEI Code: 253400XSJ4C01YMCXG44 Sequence No.: 155650 EQS News ID: 1328011 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1328011&application_name=news
(END) Dow Jones Newswires
April 14, 2022 04:30 ET (08:30 GMT)
