DJ PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results
PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: MMK Board Meeting Results
03-Jun-2021 / 08:04 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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MMK board PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the
meeting world's largest steel producers, announces that MMK's Board of Directors held a meeting on 2 June 2021.
results
At the meeting, the Board made the following decisions, among others:
1. Victor Rashnikov was elected Chairman of MMK's Board of Directors;
3 june 2021 2. Four committees were formed:
Magnitogorsk, - The Audit Committee, chairman - Mikhail Oseevskiy;
Russia - The Nomination and Remuneration Committee, chairman - Valery Martsinovich;
- The Strategic Planning Committee, chairman - Victor Rashnikov;
- Health, Safety and the Environment Committee, chairman - Tav Morgan.
3. Valery Martsinovich was recognized as the Independent Director;
4. Was approved the Activity Plan of MMK's Board of Directors for 2021-2022.
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
Veronika Kryachko KEY UPCOMING EVENTS IN 2020
+7 (915) 380-62-66
kryachko.vs@mmk.ru Financial calendar
ESG DEPARTMENT 21 June Virtual conference for retail investors, Smart-lab
22-25 June Rencap flagship investor conference, online
Yaroslava Vrubel 14 July Q2 and 6M 2021 Trading Update
+7 982 282 9682
vrubel.ys@mmk.ru 22 July Q2 and 6M 2021 IFRS financials
Virtual conference for retail investors,
27 July
Communications Department VTB Capital +7 (499) 238-26-13 kuchumov.do@mmk.ru Oleg Egorov +7 (499) 238-26-13 egorov.oa@mmk.ru -----------------------------------------------------------------------------------------------------------------------
ISIN: US5591892048
Category Code: ROM
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 108988
EQS News ID: 1203883
End of Announcement EQS News Service
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June 03, 2021 02:04 ET (06:04 GMT)
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