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PAO Severstal (SVST)
Re-election of Chairman of the Board and BoD members
25 May 2021
PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world's leading vertically integrated steel and steel-related mining companies, announces that its Board of Directors at the absentee meeting held on 24 May 2021 has made several decisions, including:
Audit Committee:
Remuneration and Nomination Committee:
Health, Safety and Environmental Committee:
Therefore, 50% of the Board of Directors are independent non-executive directors. All members (100%) of the Audit Committee and Remuneration and Nomination Committee are independent non-executive directors. All Chairmen of Board Committees are independent directors.
The Board of Directors also approved the amount of remuneration for its Auditor - JSC "KPMG" for auditing Severstal's financial statements for 2021, series of related party transactions and updated some terms of conditions of the share register administration agreement.
For further information, please contact:
Investor Relations Vladimir Zaluzhsky, Nikita Klimantov T: +7 (495) 926-77-66 ;
Public Relations Anastasia Mishanina T: +7 (495) 926-77-66
*** PАО Severstal is one of the world's leading vertically integrated steel and steel related mining companies, with assets in Russia, Latvia and Poland. Severstal is listed on MOEX and the company's GDRs are traded on the LSE. Severstal reported revenue of $6,870 million and EBITDA of $2,422 million in 2020. Severstal's crude steel production in 2020 reached 11.3 million tonnes.
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| ISIN: | US8181503025 |
| Category Code: | ROM |
| TIDM: | SVST |
| LEI Code: | 213800OKDPTV6K4ONO53 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 107050 |
| EQS News ID: | 1200036 |
| End of Announcement | EQS News Service |
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