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PJSC Magnitogorsk Iron and Steel Works: MMK appoints Citi as Depositary Bank for GDR Programme

27 Jul 2021 07:00

PJSC Magnitogorsk Iron and Steel Works (MMK) PJSC Magnitogorsk Iron and Steel Works: MMK appoints Citi as Depositary Bank for GDR Programme 27-Jul-2021 / 08:00 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.


MMK Appoints Citi as Depositary Bank

for GDR Programme

 

27 july 2021

Magnitogorsk, Russia

 

 

PJSC Magnitogorsk Iron & Steel Works ("MMK", or "the Group") (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, notifies about the change of depositary for its Global Depositary Receipts program.

MMK announces that Citibank, N.A. has replaced The Bank of New York Mellon as depositary for the MMK's Global Depositary Receipt ("GDR") program (the "GDR Program"), effective as of July 27, 2021.

The MMK's GDRs trade on London Stock Exchange under the symbol "MMK". Each GDR represents 13 (thirteen) ordinary shares of the company. MMK's underlying ordinary shares are listed and trade on Moscow Stock Exchange under the symbols "MAGN".

PJSC Sberbank will continue to act as the Custodian providing custody of the local underlying shares.

Holders of the Company's GDRs do not need to take any action in connection with this notice.

 

Information regarding the Depositary:

Citibank, N.A. is a national banking association organized under the United States federal law.

The registered office of the Depositary is located at 388 Greenwich Street, New York, New York 10013, USA.

For more information about Citibank, N.A.'s services relating to the ADRs please visit https://depositaryreceipts.citi.com/.

  

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 tonnes of commercial steel products.

ММK is an industry leader in terms of production costs and margins. Group revenue in 2020 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 -0.06х 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%.

Subscribe to our official MMK channel in Telegram, to be the first to know about key MMK news.

 

Investor Relations Department

Veronika Kryachko+7 (915) 380-62-66kryachko.vs@mmk.ru

 

ESG DEPARTMENT

Yaroslava Vrubel +7 982 282 9682vrubel.ys@mmk.ru

 

Communications Department

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

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

 

KEY UPCOMING EVENTS IN 2021

Financial calendar

 

27 July

Virtual conference for retail investors,

VTB Capital

28-29 July

Non-deal roadshow (NDR), online

 

 

 

 

 

 


ISIN:US5591892048
Category Code:MSCM
TIDM:MMK
LEI Code:253400XSJ4C01YMCXG44
Sequence No.:118522
EQS News ID:1221814
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Date   Source Headline
10th Sep 20097:00 amRNSMMK Q2 2009 IAS Financial Results
7th Sep 20091:01 pmRNSMMK Notice of 2Q 2009 IAS Results
3rd Aug 20099:54 amRNSMMK 2008 Annual report
31st Jul 20097:23 amRNSMMK Q2 2009 financial results under RAS
27th Jul 20097:00 amRNSMMK Q2 2009 Trading update
11th Jun 20097:00 amRNSMMK Q1 2009 IAS Results
8th Jun 20098:29 amRNSNotice of Q1 2009 results
3rd Jun 200912:23 pmRNSMMK completes acquisition
22nd May 200910:00 amRNSResult of AGM
21st May 20091:15 pmRNSMMK 2008 Annual Information Update
30th Apr 20098:13 amRNSMMK FY2008 IAS results
23rd Apr 20091:14 pmRNSNotice of Results
21st Apr 20097:00 amRNSMMK Q1 2009 financial results under RAS
15th Apr 20097:00 amRNSMMK Q1 2009 Trading Statement
14th Apr 200910:02 amRNSResult of Board of Directors Meeting Replacement
14th Apr 20097:00 amRNSResult of Board of Directors Meeting
26th Feb 20097:00 amRNSMMK reports payment of dividends H1 2008
13th Feb 200911:50 amRNSResult of EGM
13th Feb 200911:42 amRNSResult of Meeting-Notice of AGM
13th Feb 20097:59 amRNSTrading Statement
15th Jan 20093:40 pmRNSPrice Monitoring Extension
12th Jan 20097:00 amRNSDividend payout for 2007
30th Dec 20083:45 pmRNSSecond Price Monitoring Extn
30th Dec 20083:40 pmRNSPrice Monitoring Extension
30th Dec 20087:18 amRNSMMK and Sberbank Sign Credit Facility Agreement
19th Dec 200811:44 amRNSDecision of Board of Directors
11th Dec 20087:00 amRNS3rd Quarter Results
4th Dec 200812:47 pmRNSNotice of Results Replacement
4th Dec 200812:23 pmRNSNotice of Results
28th Nov 20083:45 pmRNSSecond Price Monitoring Extn
28th Nov 20083:40 pmRNSPrice Monitoring Extension
4th Nov 20083:47 pmRNSSecond Price Monitoring Extn
4th Nov 20083:40 pmRNSPrice Monitoring Extension
24th Oct 20083:40 pmRNSPrice Monitoring Extension
22nd Oct 200810:54 amRNSMMK redeems USD300 mln Eurobond
21st Oct 20087:00 amRNS3Q 2008 Trading Update
2nd Sep 20087:00 amRNSResult of EGM
20th Aug 20087:00 amRNSInterim Results
13th Aug 20087:00 amRNSNotice of Results
18th Jul 20087:12 amRNSDecision of Board
15th Jul 20089:34 amRNSTrading Update
20th May 200810:58 amRNSMMK 1st Quarter 2008 US GAAP
13th May 20088:10 amRNSNotice of Results
30th Apr 20081:45 pmRNSAnnual Report and Accounts
28th Apr 20089:02 amRNSComposition of the Board
25th Apr 200812:51 pmRNSAGM Statement
15th Apr 20089:47 amRNSRAS Results
28th Mar 20083:40 pmRNSPrice Monitoring Extension
25th Mar 20087:00 amRNSDecisions of the Board
17th Mar 200811:40 amRNSMMK announces 2007 results

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