Magnitogorsk Iron & Steel Works

MAGN

RU0009084396

Iron & Steel

End-of-day quote Moscow Micex - RTS Other stock markets 06:00:00 2022-07-07 pm EDT			5-day change	1st Jan Change
31.5 ^RUB	-2.33%		-.--%	-.--%

Feb. 06	Public Joint Stock Company Magnitogorsk Iron & Steel Works Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	PJSC Magnitogorsk Iron & Steel Works Reports Production Results for the Fourth Quarter and Full Year 2022	CI

Magnitogorsk Iron & Steel Works : MMK announces the EGM results

December 29, 2020 at 11:23 am EST

PJSC Magnitogorsk Iron & Steel Works ('MMK', or 'the Group') (MICEX-RTS: MAGN; LSE: MMK), one of the world's largest steel producers, announces that the Extraordinary General Meeting of Shareholders ('the EGM') was held in absentia on 25 December 2020. The EGM approved the payment of dividends for Q3 2020.

Based on the results of Q3 2020, dividends will be paid in the amount of RUB 2.391 (incl. tax) per share.

The Q3 2020 dividend record date was determined as 14 January 2021.

Contact:

Oleg Egorov

Tel: +7 (499) 238 2613

Email: egorov.oa@mmk.ru

Latest news about Magnitogorsk Iron & Steel Works

Public Joint Stock Company Magnitogorsk Iron & Steel Works Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 05	CI
PJSC Magnitogorsk Iron & Steel Works Reports Production Results for the Fourth Quarter and Full Year 2022	23-02-09	CI
Russia's MMK Loses Iron Ore Supplies from Eurasian Resources Group Amid Sanctions	22-08-19	MT
ERG halts iron ore supply to Russia's MMK due to sanctions	22-08-19	RE
US Sanctions Russian Steel Group MMK for Alleged Putin Ties	22-08-02	MT
Public Joint Stock Company Magnitogorsk Iron & Steel Works Reports Consolidated Operating Results for the Second Quarter and First Half of 2022	22-07-18	CI
Public Joint Stock Company Magnitogorsk Iron & Steel Works(MISX:MAGN) dropped from RTS Index	22-07-08	CI
PJSC Magnitogorsk Iron & Steel Works Decides Not to Pay Dividend for the Fourth Quarter of 2021	22-07-04	CI
Russia's Magnitogorsk Iron & Steel Delists in London	22-06-27	MT
PJSC Magnitogorsk Iron & Steel Notifies on Second Extension of Consent Solicitation Process	22-06-16	CI
Magnitogorsk Seeks Noteholder Consent for Amendment of Terms to Secure Prompt Payment	22-06-06	MT
Russia's Magnitogorsk Iron & Steel Works to Delist in London on June 27	22-06-03	MT
Russia Rejects Magnitogorsk Iron & Steel Works' Application to Continue Trading on London Bourse	22-05-25	MT
Public Joint Stock Company Magnitogorsk Iron & Steel Works Recommends Not to Pay the Dividends for Fourth Quarter of 2021	22-05-24	CI
Nornickel is first Russian firm to get OK to keep listing abroad	22-05-12	RE
Russia's MMK Weighs Legal Options For Next Coupon Payment	22-04-27	MT
Russia's MMK to File for Continuance of Depositary Receipts Trading Amid New Law	22-04-25	MT
Magnitogorsk Iron & Steel Works Temporarily Suspends Q1 Trading Update	22-04-14	MT
PJSC Magnitogorsk Iron and Steel Works: MMK Notifies About Changes in the Board of Directors	22-03-24	CI
Magnitogorsk Calls EU Sanctions On Chairman 'Unfair'	22-03-18	MT
EU Eyes Sanctions On Russian Owner Of Chelsea Football Club	22-03-13	MT
Public Joint Stock Company Magnitogorsk Iron & Steel Works(MISX:MAGN) dropped from S&P Global BMI Index	22-03-09	CI
Russian distressed bonds could be scooped up, some touting deep discounts on loans	22-03-07	RE
Public Joint Stock Company Magnitogorsk Iron & Steel Works(MISX:MAGN) dropped from FTSE All-World Index	22-03-07	CI
Factbox-Commodity supplies at risk after Russia invades Ukraine	22-03-04	RE

Chart Magnitogorsk Iron & Steel Works

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Company Profile

PJSC Magnitogorsk Iron & Steel Works is one of the world's leading steel producers. Net sales break down by family of products as follows: - hot rolled steel products (46.3%); - galvanized steels (19.3%); - long steel products (7.5%); - galvanised steel with polymeric coating (7.1%); - cold rolled steel products (6.9%); - wire, sling and bracing (2%); - tin-plated steels (1.4%); - tubes (0.5%); - other (7.6%): profiles, hardware products, etc. The remaining net sales (1.3%) are from coal and coke production activities. net sales break down geographically as follows: Russia and CIS (74%), Middle East (11%), Europe (7%), Asia (4%), Africa (2%), North America (1%) and South America (1%).

Sector

Iron & Steel

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.4998 USD

Average target price

0.775 USD

Spread / Average Target

+55.06%

Consensus

Annual profits - Rate of surprise

Company calendar

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