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PJSC Magnitogorsk Iron and Steel Works (MMK)
PJSC Magnitogorsk Iron and Steel Works: Save the date: MMK online. Fireside chat with the leadership team.
27-Oct-2020 / 08:00 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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Save the date:
MMK online.
Fireside chat with the leadership team
27 october 2020
Magnitogorsk, Russia
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PJSC MMK ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, is pleased to invite the investment community to join «MMK online. Fireside chat with the leadership team» on the 8 December 2020.
Chairman of the Board of Directors Victor Rashnikov and CEO Pavel Shilyaev will discuss market trends, as well as the latest corporate developments and the Group's strategic view for 2025.
The event will take place via online video conference on 8 December 2020 at 5:00 pm Moscow time (2:00 pm London time, 10:00 am New York time).
- Time:
17:00 Moscow time
14:00 London time
10:00 New York time
Further information on the event as well as agenda will be provided later. Registration details for the online video conference will be provided in due course.
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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
ESG DEPARTMENT
Yaroslava Vrubel
COMMUNICATIONS DEPARTMENT
Dmitry Kuchumov
+7 985 219 2874
Oleg Egorov
+7 903 971 8837
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