Company Announcements

PJSC Magnitogorsk Iron and Steel Works: Publication of Prospectus, Charter, Amendments and additions to the Charter

Source: EQS

PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Publication of Prospectus, Charter, Amendments and additions to the Charter

11-Jun-2020 / 08:56 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.


Publication of prospectus, charter, amendments and additions to the charter

 

11 june 2020

Magnitogorsk, Russia

 

 

PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that, in compliance with Listing Rules 14.3.11R and 18.4.3R, MMK has forwarded to the FCA for publication a copy of:

  • the Prospectus dated 24 April 2007;
  • MMK Charter (translated in English), Amendments and additions to the Charter which are the documents that set out the terms and conditions on which its ordinary shares and the global depositary receipts representing its ordinary shares were issued (subject to compliance with current legislation).

 

Copies of the documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

 

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 high-value-added products. In 2019, MMK produced 12.5 mln tonnes of crude steel and 11.3 mln tonnes of commercial steel products.

ММК is an industry leader in terms of production costs and margin. MMK Group had revenue in 2019 of USD 7,566 mln and EBITDA of USD 1,797 mln. MMK's debt load is the lowest for the industry. Net debt/EBITDA ratio was -0.13х at the end of 2019. The Group's investment-grade rating is confirmed by the leading global rating agencies Fitch, Moody's, S&P.

MMK's ordinary shares are traded on Moscow Exchange, while its depositary receipts are traded on the London Stock Exchange. Free float amounts to 15.7%.

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Investor Relations Department

Veronika Kryachko
+7 (3519) 25-75-01
kryachko.vs@mmk.ru

 

 

media contacts

Dmitriy Kuchumov  
+7 (499) 238-26-13
kuchumov.do@mmk.ru

Oleg Egorov
+7 (499) 238-26-13
egorov.oa@mmk.ru

 

KEY UPCOMING EVENTS IN 2020

Financial calendar

 

14 July

Q2 and 6M 2020 Trading Update

29 July

Q2 and 6M 2020 IFRS financials

13 October

Q3 and 9M 2020 Trading Update

22 October

Q3 and 9M 2020 IFRS financials

 



ISIN: US5591892048
Category Code: PDI
TIDM: MMK
LEI Code: 253400XSJ4C01YMCXG44
Sequence No.: 69073
EQS News ID: 1067837

 
End of Announcement EQS News Service

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